Commercial Real Estate Market in Pawnee, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 158 off-market properties in Pawnee, IL.
Market Trends
Pawnee, IL spans 93.7 square miles in Sangamon County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Pawnee, 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 Pawnee, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Pawnee, 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 Pawnee, 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 64.5%
- Industrial 31.6%
- Commercial 2.6%
- Agricultural 1.3%
Largest Zones share of zoned land by district
Residence
Industrial
Residence
Mobile Home Park
Mobile Home Subdivision
Pawnee, IL zones 991 acres across 11 districts. Commercial zoning covers 2.6% of zoned land, residential 64.5% and industrial 31.6%. The largest single district is Residence at 44.7%. For commercial buyers the practical constraint is that only 34.3% of land carries a commercial or industrial designation.
Residence (R1)
This district is intended to provide a suitable open character for single-family detached dwellings at low densities and community facilities and public open spaces which serve the residents of this District or are benefitted by an open residential environment
Market overview
Demographics & Economy
Pawnee, IL has 3,503 residents in 1,633 households. Density runs 37 people per square mile. Median household income here is $78,509 and median gross rent $865 a month.
3,503
Population
1,633
Households
2.1
Avg Household Size
41
Median Age
28%
College-Educated
95%
High-School Grad
93.7 sq mi
ZIP Area
37
Density / Sq Mi
$78,509
Median Household Income
$47,500
Median Earnings
$865
Median Rent
$176,200
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Pawnee?
Pawnee, IL zones 991 acres across 11 districts, of which 2.6% is commercial and 31.6% industrial. The largest single district is Residence at 44.7% of zoned land. This district is intended to provide a suitable open character for single-family detached dwellings at low densities and community facilities and public open spaces which serve the residents of this District or are benefitted by an open residential environment Residential zoning covers 64.5% and open space 0%.
Where does Realmo's Pawnee market data come from?
Realmo compiles Pawnee, IL figures from 7 recent recorded sales, 4 active sale listings, 158 tracked off-market properties, the current Pawnee zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 0 active for-lease listings in Pawnee, 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: 991 zoned acres across 11 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
