Commercial Real Estate Market in Tremont, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 215 off-market properties in Tremont, IL.
Market Trends
Tremont, IL spans 67.8 square miles in Tazewell County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Tremont, 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 Tremont, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Tremont, 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 Tremont, 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 65.1%
- Civic 16.6%
- Commercial 15.9%
- Industrial 1.9%
Largest Zones share of zoned land by district
Single Family Residential District
Single Family Residential District
Institutional District
General Business District
Two Family Residential District
Tremont, IL zones 526 acres across 11 districts. Commercial zoning covers 15.9% of zoned land, residential 65.1% and industrial 1.9%. The largest single district is Single Family Residential District at 29.3%. For commercial buyers the practical constraint is that only 17.8% of land carries a commercial or industrial designation.
Single Family Residential District (R-1A)
III: GENERAL OFFENSES TITLE XV: LAND USAGE CHAPTER 150: BUILDING REGULATIONS CHAPTER 151: SWIMMING POOLS CHAPTER 152: SUBDIVISIONS CHAPTER 153: ZONING GENERAL PROVISIONS ZONING DISTRICTS AND MAP GENERAL LIMITATIONS R-1, R-1A SINGLE-FAMILY RESIDENTIAL DISTRICT R-2, R-2A TWO-FAMILY RESIDENTIAL DISTRICT R-3 MULTIPLE-FAMILY RESIDENTIAL DISTRICT OS OFFICE DISTRIC…
Market overview
Demographics & Economy
Tremont, IL has 4,346 residents in 1,849 households. Density runs 64 people per square mile. Median household income here is $101,250 and median gross rent $1,033 a month.
4,346
Population
1,849
Households
2.4
Avg Household Size
40
Median Age
39%
College-Educated
100%
High-School Grad
67.8 sq mi
ZIP Area
64
Density / Sq Mi
$101,250
Median Household Income
$52,121
Median Earnings
$1,033
Median Rent
$242,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Groveland | — | — |
| Dillon | — | — |
| Northern Oaks | — | — |
| Allentown | — | — |
Commercial property in Tremont, IL asks $164/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Tremont?
Commercial property in Tremont, IL asks an average of $164 per square foot. The 7 most recent recorded sales traded at a median of $119/SF, so asking sits 38% above the achieved median.
What zoning applies to commercial property in Tremont?
Tremont, IL zones 526 acres across 11 districts, of which 15.9% is commercial and 1.9% industrial. The largest single district is Single Family Residential District at 29.3% of zoned land. III: GENERAL OFFENSES TITLE XV: LAND USAGE CHAPTER 150: BUILDING REGULATIONS CHAPTER 151: SWIMMING POOLS CHAPTER 152: SUBDIVISIONS CHAPTER 153: ZONING GENERAL PROVISIONS ZONING DISTRICTS AND MAP GENERAL LIMITATIONS R-1, R-1A SINGLE-FAMILY RESIDENTIAL DISTRICT R-2, R-2A TWO-FAMILY RESIDENTIAL DISTRICT R-3 MULTIPLE-FAMILY RESIDENTIAL DISTRICT OS OFFICE DISTRIC… Residential zoning covers 65.1% and open space 0%.
Where does Realmo's Tremont market data come from?
Realmo compiles Tremont, IL figures from 8 recent recorded sales, 4 active sale listings, 215 tracked off-market properties, the current Tremont 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 Tremont, 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: 526 zoned acres across 11 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
