Commercial Real Estate Market in Toulon, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Toulon, IL spans 97.4 square miles in Stark County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Toulon, 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 Toulon, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Toulon, 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 Toulon, 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 76%
- Agricultural 6.6%
- Industrial 5.4%
Largest Zones share of zoned land by district
One And Two Family Residential
Unknown
Agricultural
Heavy Industrial
Multiple Family Residential
Toulon, IL zones 560 acres across 5 districts. The largest single district is One And Two Family Residential at 71.3%. For commercial buyers the practical constraint is that only 5.4% of land carries a commercial or industrial designation.
One And Two Family Residential (R-1)
The purpose of the Residence Districts is to provide an area for (residential uses and those public and semi-public uses normally considered an integral part of the residential neighborhood they serve
Market overview
Demographics & Economy
Toulon, IL has 1,872 residents in 852 households. Density runs 19 people per square mile. Median household income here is $63,382 and median gross rent $700 a month.
1,872
Population
852
Households
2.2
Avg Household Size
45
Median Age
20%
College-Educated
89%
High-School Grad
97.4 sq mi
ZIP Area
19
Density / Sq Mi
$63,382
Median Household Income
$41,789
Median Earnings
$700
Median Rent
$112,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Elmira | — | — |
| Wyoming | — | — |
| La Fayette | — | — |
| Modena | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Toulon?
Toulon, IL zones 560 acres across 5 districts, of which 0% is commercial and 5.4% industrial. The largest single district is One And Two Family Residential at 71.3% of zoned land. The purpose of the Residence Districts is to provide an area for (residential uses and those public and semi-public uses normally considered an integral part of the residential neighborhood they serve Residential zoning covers 76% and open space 0%.
Methodology & data sources
- 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: 560 zoned acres across 5 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
