Commercial Real Estate Market in Normal, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
81 active listings and 1,440 off-market properties in Normal, IL. Commercial property asks $59/SF to buy and $20.30/SF/Yr to lease.
Market Trends
Normal, IL spans 42.6 square miles in McLean County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Normal, IL runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Normal, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Normal, IL runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Normal, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 39.2%
- Industrial 21.1%
- Commercial 14.6%
- Civic 7.1%
- Agricultural 0.7%
Largest Zones share of zoned land by district
Public Lands And Institutions District
General Manufacturing District
Single Family Residence District
Single Family Residence District
General Business District
Normal, IL zones 9,875 acres across 16 districts. Commercial zoning covers 14.6% of zoned land, residential 39.2% and industrial 21.1%. The largest single district is Public Lands And Institutions District at 17.3%. For commercial buyers the practical constraint is that only 35.6% of land carries a commercial or industrial designation.
Public Lands And Institutions District (S-2)
The intent of this S-2 Public Lands and Institutions District is to allow for the establishment and maintenance of public uses, publicly regulated uses, and private uses that display an inherent relationship to the public interest. The creation of such a district shall be provided for parcels of substantial size where such community serving uses are necessar…
Market overview
Demographics & Economy
Normal, IL has 53,045 residents in 22,037 households. Density runs 1,246 people per square mile. Median household income here is $66,642 and median gross rent $976 a month.
53,045
Population
22,037
Households
2.4
Avg Household Size
28
Median Age
52%
College-Educated
98%
High-School Grad
42.6 sq mi
ZIP Area
1,246
Density / Sq Mi
$66,642
Median Household Income
$28,606
Median Earnings
$976
Median Rent
$200,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Barnes | — | — |
| Gillum | — | — |
| Bloomington | — | $19.55 |
| Yuton | — | — |
Commercial property in Normal, IL asks $59/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Normal?
Commercial property in Normal, IL asks an average of $59 per square foot.
How much does it cost to lease commercial space in Normal?
Asking lease rates in Normal, IL average $20.30 per square foot per year.
What zoning applies to commercial property in Normal?
Normal, IL zones 9,875 acres across 16 districts, of which 14.6% is commercial and 21.1% industrial. The largest single district is Public Lands And Institutions District at 17.3% of zoned land. The intent of this S-2 Public Lands and Institutions District is to allow for the establishment and maintenance of public uses, publicly regulated uses, and private uses that display an inherent relationship to the public interest. The creation of such a district shall be provided for parcels of substantial size where such community serving uses are necessar… Residential zoning covers 39.2% and open space 0%.
Where does Realmo's Normal market data come from?
Realmo compiles Normal, IL figures from 4 recent recorded sales, 70 active sale listings, 11 active lease listings, 1,440 tracked off-market properties, the current Normal zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 70 active for-sale and 11 active for-lease listings in Normal, IL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 9,875 zoned acres across 16 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
