Commercial Real Estate Market in Washington, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
20 active listings and 763 off-market properties in Washington, IL.
Market Trends
Washington, IL spans 53.5 square miles in Tazewell County, Illinois. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Washington, IL runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Washington, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Washington, 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 Washington, 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 68%
- Commercial 14.4%
- Agricultural 13.2%
- Industrial 4.4%
Largest Zones share of zoned land by district
Washington, IL zones 4,792 acres across 10 districts. Commercial zoning covers 14.4% of zoned land, residential 68% and industrial 4.4%. The largest single district is 1 And 2 Family Residential at 44.9%. For commercial buyers the practical constraint is that only 18.8% of land carries a commercial or industrial designation.
All solar gardens shall comply with all other state requirements. (Ord. No. 3562, § 7, 12-2-2024) Sec. 56-492. - Commercial/large-scale solar farm. Commercial/large-scale solar farms may be allowed by special use in the AG-1 Agriculture and I-2 Heavy Industrial Districts. The following information shall also be submitted as part of an application for a comme…
Market overview
Demographics & Economy
Washington, IL has 24,766 residents in 10,273 households. Density runs 463 people per square mile. Median household income here is $87,852 and median gross rent $996 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Washington?
What zoning applies to commercial property in Washington?
Where does Realmo's Washington market data come from?
Methodology & data sources
- Asking prices and medians
- There are 9 active for-sale and 11 active for-lease listings in Washington, IL. The sale median is based on 3 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: 4,792 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 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
