Commercial Real Estate Market in Ashmore, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 65 off-market properties in Ashmore, IL.
Market Trends
Ashmore, IL spans 52.0 square miles in Coles County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Ashmore, 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 Ashmore, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Ashmore, 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 Ashmore, 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 73%
- Commercial 15.2%
- Industrial 11.8%
Largest Zones share of zoned land by district
Residential
Business
Industrial
Ashmore, IL zones 622 acres across 3 districts. Commercial zoning covers 15.2% of zoned land, residential 73% and industrial 11.8%. The largest single district is Residential at 73%. For commercial buyers the practical constraint is that only 27% of land carries a commercial or industrial designation.
Business (B)
The B district is intended to promorte business uses
Market overview
Demographics & Economy
Ashmore, IL has 1,143 residents in 609 households. Density runs 22 people per square mile. Median household income here is $73,542 and median gross rent $763 a month.
1,143
Population
609
Households
1.9
Avg Household Size
47
Median Age
18%
College-Educated
93%
High-School Grad
52 sq mi
ZIP Area
22
Density / Sq Mi
$73,542
Median Household Income
$41,477
Median Earnings
$763
Median Rent
$110,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Kansas | — | — |
| Westfield | — | — |
| Rardin | — | — |
| Oakland | — | — |
Commercial property in Ashmore, IL asks $24/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Ashmore?
Commercial property in Ashmore, IL asks an average of $24 per square foot.
What zoning applies to commercial property in Ashmore?
Ashmore, IL zones 622 acres across 3 districts, of which 15.2% is commercial and 11.8% industrial. The largest single district is Residential at 73% of zoned land. Residential zoning covers 73% and open space 0%.
Where does Realmo's Ashmore market data come from?
Realmo compiles Ashmore, IL figures from 2 recent recorded sales, 4 active sale listings, 65 tracked off-market properties, the current Ashmore 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 Ashmore, 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: 622 zoned acres across 3 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
