Commercial Real Estate Market in Assumption, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 93 off-market properties in Assumption, IL.
Market Trends
Assumption, IL spans 76.5 square miles in Christian County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Assumption, 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 Assumption, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Assumption, 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 Assumption, 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 74.7%
- Industrial 18.7%
- Commercial 6.6%
Largest Zones share of zoned land by district
One And Two And Multiple Family Residential
Agricultural District 1
Heavy Industrial
Service Retail
General Retail
Assumption, IL zones 651 acres across 7 districts. Commercial zoning covers 6.6% of zoned land, residential 74.7% and industrial 18.7%. The largest single district is One And Two And Multiple Family Residential at 50.9%. For commercial buyers the practical constraint is that only 25.3% of land carries a commercial or industrial designation.
Agricultural District 1 (AG-1)
AG-1 Agricultural district 1 B. Unless otherwise indicated on the zoning district maps, the boundary lines of the districts follow lot lines, centerlines of the streets, alleys or railroad right of way. C. In the event a district boundary line divides a lot, tract, or parcel, placing such lot, tract or parcel in more than one district, the whole lot, tract o…
Market overview
Demographics & Economy
Assumption, IL has 1,650 residents in 842 households. Density runs 22 people per square mile. Median household income here is $55,694 and median gross rent $753 a month.
1,650
Population
842
Households
2
Avg Household Size
44
Median Age
16%
College-Educated
85%
High-School Grad
76.5 sq mi
ZIP Area
22
Density / Sq Mi
$55,694
Median Household Income
$37,267
Median Earnings
$753
Median Rent
$93,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Radford | — | — |
| Dollville | — | — |
| Moweaqua | — | — |
| Millersville | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Assumption?
Assumption, IL zones 651 acres across 7 districts, of which 6.6% is commercial and 18.7% industrial. The largest single district is One And Two And Multiple Family Residential at 50.9% of zoned land. Residential zoning covers 74.7% and open space 0%.
Where does Realmo's Assumption market data come from?
Realmo compiles Assumption, IL figures from 5 recent recorded sales, 1 active sale listings, 93 tracked off-market properties, the current Assumption 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 Assumption, 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: 651 zoned acres across 7 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
