Commercial Real Estate Market in Orion, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 118 off-market properties in Orion, IL.
Market Trends
Orion, IL spans 45.8 square miles in Henry County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Orion, 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 Orion, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Orion, 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 Orion, 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 69.2%
- Industrial 23.8%
- Commercial 6.4%
Largest Zones share of zoned land by district
Residential Single Family District
Industrial
Residential Multiple Family District
Commercial
Non Conforming
Orion, IL zones 604 acres across 5 districts. Commercial zoning covers 6.4% of zoned land, residential 69.2% and industrial 23.8%. The largest single district is Residential Single Family District at 49%. For commercial buyers the practical constraint is that only 30.1% of land carries a commercial or industrial designation.
Residential Single Family District (E)
District is intended to provide single family residential related uses
Market overview
Demographics & Economy
Orion, IL has 3,227 residents in 1,221 households. Density runs 71 people per square mile. Median household income here is $103,438 and median gross rent $785 a month.
3,227
Population
1,221
Households
2.6
Avg Household Size
42
Median Age
30%
College-Educated
96%
High-School Grad
45.8 sq mi
ZIP Area
71
Density / Sq Mi
$103,438
Median Household Income
$52,391
Median Earnings
$785
Median Rent
$171,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Sunny Hill | — | — |
| Warner | — | — |
| Sunny Hill Estates | — | — |
| Lynn Center | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Orion?
Orion, IL zones 604 acres across 5 districts, of which 6.4% is commercial and 23.8% industrial. The largest single district is Residential Single Family District at 49% of zoned land. District is intended to provide single family residential related uses Residential zoning covers 69.2% and open space 0%.
Where does Realmo's Orion market data come from?
Realmo compiles Orion, IL figures from 5 recent recorded sales, 3 active sale listings, 118 tracked off-market properties, the current Orion 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 Orion, 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: 604 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
