Commercial Real Estate Market in Oregon, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
14 active listings and 249 off-market properties in Oregon, IL.
Market Trends
Oregon, IL spans 105.4 square miles in Ogle County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Oregon, 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 Oregon, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Oregon, 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 Oregon, 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 55.8%
- Open space 22.5%
- Commercial 16.9%
- Industrial 4.8%
Largest Zones share of zoned land by district
Residential District
Public And Open Space
Highway District
Industrial
Commercial District
Oregon, IL zones 1,306 acres across 8 districts. Commercial zoning covers 16.9% of zoned land, residential 55.8%, open space 22.5% and industrial 4.8%. The largest single district is Residential District at 51.9%. For commercial buyers the practical constraint is that only 21.7% of land carries a commercial or industrial designation.
Residential District (R-1)
The intent of this to promote Residential One-Family uses
Market overview
Demographics & Economy
Oregon, IL has 6,865 residents in 3,445 households. Density runs 65 people per square mile. Median household income here is $86,663 and median gross rent $814 a month.
6,865
Population
3,445
Households
2
Avg Household Size
48
Median Age
22%
College-Educated
92%
High-School Grad
105.4 sq mi
ZIP Area
65
Density / Sq Mi
$86,663
Median Household Income
$57,571
Median Earnings
$814
Median Rent
$202,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mount Morris | — | — |
| Honey Creek | — | — |
| Stratford | — | — |
| Leaf River | — | — |
Commercial property in Oregon, IL asks $852/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Oregon?
Commercial property in Oregon, IL asks an average of $852 per square foot. The 4 most recent recorded sales traded at a median of $52/SF, so asking sits 1549% above the achieved median.
What zoning applies to commercial property in Oregon?
Oregon, IL zones 1,306 acres across 8 districts, of which 16.9% is commercial and 4.8% industrial. The largest single district is Residential District at 51.9% of zoned land. The intent of this to promote Residential One-Family uses Residential zoning covers 55.8% and open space 22.5%.
Where does Realmo's Oregon market data come from?
Realmo compiles Oregon, IL figures from 6 recent recorded sales, 14 active sale listings, 249 tracked off-market properties, the current Oregon zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 14 active for-sale and 0 active for-lease listings in Oregon, 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: 1,306 zoned acres across 8 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
