Commercial Real Estate Market in Savanna, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
10 active listings and 237 off-market properties in Savanna, IL.
Market Trends
Savanna, IL spans 73.5 square miles in Carroll County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Savanna, 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 Savanna, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Savanna, 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 Savanna, 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 48.1%
- Industrial 26.4%
- Commercial 10.8%
- Civic 2.8%
- Agricultural 1.2%
Largest Zones share of zoned land by district
Single Family Detached Residence
General Manufacturing
Single Family Detached Residence
Unknown
General Business
Savanna, IL zones 1,451 acres across 12 districts. Commercial zoning covers 10.8% of zoned land, residential 48.1% and industrial 26.4%. The largest single district is Single Family Detached Residence at 28.3%. For commercial buyers the practical constraint is that only 37.2% of land carries a commercial or industrial designation.
Single Family Detached Residence (R1)
District is intended to provide single family detached residence uses
Market overview
Demographics & Economy
Savanna, IL has 4,023 residents in 2,344 households. Density runs 55 people per square mile. Median household income here is $48,387 and median gross rent $807 a month.
4,023
Population
2,344
Households
1.7
Avg Household Size
48
Median Age
15%
College-Educated
85%
High-School Grad
73.5 sq mi
ZIP Area
55
Density / Sq Mi
$48,387
Median Household Income
$35,033
Median Earnings
$807
Median Rent
$93,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Sabula | — | — |
| Wacker | — | — |
| Hauntown | — | — |
| Miles | — | — |
Commercial property in Savanna, IL asks $11/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Savanna?
Commercial property in Savanna, IL asks an average of $11 per square foot.
What zoning applies to commercial property in Savanna?
Savanna, IL zones 1,451 acres across 12 districts, of which 10.8% is commercial and 26.4% industrial. The largest single district is Single Family Detached Residence at 28.3% of zoned land. District is intended to provide single family detached residence uses Residential zoning covers 48.1% and open space 0%.
Where does Realmo's Savanna market data come from?
Realmo compiles Savanna, IL figures from 9 active sale listings, 1 active lease listings, 237 tracked off-market properties, the current Savanna zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 9 active for-sale and 1 active for-lease listings in Savanna, 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: 1,451 zoned acres across 12 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
