Commercial Real Estate Market in Rantoul, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
33 active listings and 462 off-market properties in Rantoul, IL.
Market Trends
Rantoul, IL spans 80.0 square miles in Champaign County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Rantoul, 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 Rantoul, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Rantoul, 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 Rantoul, 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 27.1%
- Industrial 24.4%
- Agricultural 18.6%
- Special 10.3%
- Commercial 9.4%
- Open space 8.2%
- Civic 1.8%
- Mixed use 0.2%
Largest Zones share of zoned land by district
Agriculture District
Airfield District
Industrial District
Single Family Residential District
General Multifamily Residential District
Agriculture District (AG)
The AG Agriculture District is intended to prevent scattered or sprawling development in areas that are presently used for agricultural purposes or that are predominantly vacant, and to ensure that large areas of vacant land can be preserved for future development according to economic and physical need.
Market overview
Demographics & Economy
Rantoul, IL has 13,459 residents in 6,280 households. Density runs 168 people per square mile. Median household income here is $51,389 and median gross rent $892 a month.
13,459
Population
6,280
Households
2.1
Avg Household Size
37
Median Age
13%
College-Educated
91%
High-School Grad
80 sq mi
ZIP Area
168
Density / Sq Mi
$51,389
Median Household Income
$38,439
Median Earnings
$892
Median Rent
$111,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Thomasboro | — | — |
| Ludlow | — | — |
| Gifford | — | — |
| Dewey | — | — |
Commercial property in Rantoul, IL asks $46/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Rantoul?
Commercial property in Rantoul, IL asks an average of $46 per square foot.
Where does Realmo's Rantoul market data come from?
Realmo compiles Rantoul, IL figures from 8 recent recorded sales, 33 active sale listings, 462 tracked off-market properties, the current Rantoul zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 33 active for-sale and 0 active for-lease listings in Rantoul, 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: 4,688 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
