Commercial Real Estate Market in Washburn, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
7 active listings and 96 off-market properties in Washburn, IL.
Market Trends
Washburn, IL spans 69.0 square miles in Marshall County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Washburn, 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 Washburn, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Washburn, 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 Washburn, 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 63.9%
- Agricultural 18.7%
- Industrial 10.9%
- Commercial 5.4%
Largest Zones share of zoned land by district
Residential District
Agricultural District
Industrial District
Commercial
No Zoning
Washburn, IL zones 471 acres across 5 districts. Commercial zoning covers 5.4% of zoned land, residential 63.9% and industrial 10.9%. The largest single district is Residential District at 63.9%. For commercial buyers the practical constraint is that only 16.3% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Washburn, IL has 1,720 residents in 738 households. Density runs 25 people per square mile. Median household income here is $76,691 and median gross rent $876 a month.
1,720
Population
738
Households
2.3
Avg Household Size
43
Median Age
17%
College-Educated
90%
High-School Grad
69 sq mi
ZIP Area
25
Density / Sq Mi
$76,691
Median Household Income
$42,340
Median Earnings
$876
Median Rent
$110,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Wilbern | — | — |
| Bell Plain | — | — |
| La Rose | — | — |
| Pattonsburg | — | — |
Commercial property in Washburn, IL asks $5/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Washburn?
Commercial property in Washburn, IL asks an average of $5 per square foot.
What zoning applies to commercial property in Washburn?
Washburn, IL zones 471 acres across 5 districts, of which 5.4% is commercial and 10.9% industrial. The largest single district is Residential District at 63.9% of zoned land. Residential zoning covers 63.9% and open space 0%.
Where does Realmo's Washburn market data come from?
Realmo compiles Washburn, IL figures from 7 active sale listings, 96 tracked off-market properties, the current Washburn zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 7 active for-sale and 0 active for-lease listings in Washburn, 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: 471 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
