Commercial Real Estate Market in Oreana, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 23 off-market properties in Oreana, IL.
Market Trends
Oreana, IL spans 18.1 square miles in Macon County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Oreana, 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 Oreana, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Oreana, 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 Oreana, 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 71%
- Commercial 17.3%
- Industrial 11.7%
Largest Zones share of zoned land by district
Single Family Residential
Commercial
Industrial
Multifamily Residential
Two Family Residential
Oreana, IL zones 301 acres across 5 districts. Commercial zoning covers 17.3% of zoned land, residential 71% and industrial 11.7%. The largest single district is Single Family Residential at 68.4%. For commercial buyers the practical constraint is that only 29% of land carries a commercial or industrial designation.
Single Family Residential (A-1)
A-1”, “A-2”, “A-3” Residence Districts are more restricted than the “B” Commercial District; the “B” Commercial District is more restricted than the “C” Industrial District. MOTEL , MOTOR HOTEL or MOTOR COURT. A building or group of related buildings in which lodging is provided or offered for compensation to transient guests customarily traveling by automob…
Market overview
Demographics & Economy
Oreana, IL has 1,559 residents in 717 households. Density runs 86 people per square mile. Median household income here is $90,000 and median gross rent $931 a month.
1,559
Population
717
Households
2.2
Avg Household Size
43
Median Age
21%
College-Educated
98%
High-School Grad
18.1 sq mi
ZIP Area
86
Density / Sq Mi
$90,000
Median Household Income
$46,014
Median Earnings
$931
Median Rent
$133,500
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Oreana?
Oreana, IL zones 301 acres across 5 districts, of which 17.3% is commercial and 11.7% industrial. The largest single district is Single Family Residential at 68.4% of zoned land. A-1”, “A-2”, “A-3” Residence Districts are more restricted than the “B” Commercial District; the “B” Commercial District is more restricted than the “C” Industrial District. MOTEL , MOTOR HOTEL or MOTOR COURT. A building or group of related buildings in which lodging is provided or offered for compensation to transient guests customarily traveling by automob… Residential zoning covers 71% and open space 0%.
Where does Realmo's Oreana market data come from?
Realmo compiles Oreana, IL figures from 3 active sale listings, 23 tracked off-market properties, the current Oreana zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 0 active for-lease listings in Oreana, 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: 301 zoned acres across 5 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
