Commercial Real Estate Market in Savanna, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
8 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 October 2026.
Office
Office vacancy in Savanna, IL runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Savanna, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily vacancy in Savanna, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
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
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.
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Savanna?
What zoning applies to commercial property in Savanna?
Where does Realmo's Savanna market data come from?
Methodology & data sources
- Asking prices and medians
- There are 7 active for-sale and 1 active for-lease listings in Savanna, IL. The sale median is based on 4 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
