Commercial Real Estate Market in Roanoke, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 169 off-market properties in Roanoke, IL.
Market Trends
Roanoke, IL spans 56.3 square miles in Woodford County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Roanoke, 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 Roanoke, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Roanoke, 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 Roanoke, 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 62.2%
- Industrial 22.6%
- Commercial 10.5%
Largest Zones share of zoned land by district
Residential District Low Density
Industrial District
Residential District Medium Density
General Retail Business District
No Zoning
Roanoke, IL zones 528 acres across 7 districts. Commercial zoning covers 10.5% of zoned land, residential 62.2% and industrial 22.6%. The largest single district is Residential District Low Density at 50.4%. For commercial buyers the practical constraint is that only 33.1% of land carries a commercial or industrial designation.
Residential District Low Density (R-1)
Any use permitted in the R-1 residential district and the R-2 residential district, subject to the restrictions of those districts. Multi-family residences; sheltered care homes; nursing homes, subject to the restrictions herein set forth for such uses. (Ord. 2005-04, 5-16-2005) Share Download Bookmark Print 10-6-3: PERMITTED SPECIAL USES: The following uses…
Market overview
Demographics & Economy
Roanoke, IL has 2,610 residents in 958 households. Density runs 46 people per square mile. Median household income here is $77,143 and median gross rent $1,091 a month.
2,610
Population
958
Households
2.7
Avg Household Size
43
Median Age
25%
College-Educated
95%
High-School Grad
56.3 sq mi
ZIP Area
46
Density / Sq Mi
$77,143
Median Household Income
$50,038
Median Earnings
$1,091
Median Rent
$150,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Secor | — | — |
| Benson | — | — |
| Eureka | — | — |
| Morristown | — | — |
Commercial property in Roanoke, IL asks $13/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Roanoke?
Commercial property in Roanoke, IL asks an average of $13 per square foot.
What zoning applies to commercial property in Roanoke?
Roanoke, IL zones 528 acres across 7 districts, of which 10.5% is commercial and 22.6% industrial. The largest single district is Residential District Low Density at 50.4% of zoned land. Any use permitted in the R-1 residential district and the R-2 residential district, subject to the restrictions of those districts. Multi-family residences; sheltered care homes; nursing homes, subject to the restrictions herein set forth for such uses. (Ord. 2005-04, 5-16-2005) Share Download Bookmark Print 10-6-3: PERMITTED SPECIAL USES: The following uses… Residential zoning covers 62.2% and open space 0%.
Where does Realmo's Roanoke market data come from?
Realmo compiles Roanoke, IL figures from 4 active sale listings, 169 tracked off-market properties, the current Roanoke 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 Roanoke, 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: 528 zoned acres across 7 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
