Commercial Real Estate Market in Warren, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 118 off-market properties in Warren, IL.
Market Trends
Warren, IL spans 27.2 square miles in Jo Daviess County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Warren, 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 Warren, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Warren, 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 Warren, 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 54.2%
- Agricultural 26%
- Industrial 14.3%
- Commercial 5.5%
Largest Zones share of zoned land by district
One Family Residential District
Agricultural District
Limited Manufacturing District
One Family Residential District
General Retail Business District
Warren, IL zones 772 acres across 10 districts. Commercial zoning covers 5.5% of zoned land, residential 54.2% and industrial 14.3%. The largest single district is One Family Residential District at 45.7%. For commercial buyers the practical constraint is that only 19.9% of land carries a commercial or industrial designation.
One Family Residential District (R-2)
The purpoe of R-2 zone is to promote single family and residential related uses
Market overview
Demographics & Economy
Warren, IL has 1,541 residents in 726 households. Density runs 57 people per square mile. Median household income here is $74,609 and median gross rent $752 a month.
1,541
Population
726
Households
2.1
Avg Household Size
46
Median Age
14%
College-Educated
87%
High-School Grad
27.2 sq mi
ZIP Area
57
Density / Sq Mi
$74,609
Median Household Income
$41,182
Median Earnings
$752
Median Rent
$109,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Nora | — | — |
| Apple River | — | — |
| Gratiot | — | — |
| South Wayne | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Warren?
Warren, IL zones 772 acres across 10 districts, of which 5.5% is commercial and 14.3% industrial. The largest single district is One Family Residential District at 45.7% of zoned land. The purpoe of R-2 zone is to promote single family and residential related uses Residential zoning covers 54.2% and open space 0%.
Where does Realmo's Warren market data come from?
Realmo compiles Warren, IL figures from 1 active sale listings, 118 tracked off-market properties, the current Warren zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Warren, 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: 772 zoned acres across 10 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
