Commercial Real Estate Market in Belleville, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
126 active listings and 2,768 off-market properties in Belleville, IL.
Market Trends
Belleville, IL spans 133.2 square miles in St. Clair County, Illinois. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Belleville, IL runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Belleville, IL has a median asking sale price of $91/SF (based on 3 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Belleville, 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 space in Belleville, IL has a median asking sale price of $82/SF. Vacancy 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 66.5%
- Commercial 25.5%
- Industrial 7.4%
- Agricultural 0.3%
Largest Zones share of zoned land by district
Belleville, IL zones 12,956 acres across 14 districts. Commercial zoning covers 25.5% of zoned land, residential 66.5% and industrial 7.4%. The largest single district is Single Family Residence at 49.7%. For commercial buyers the practical constraint is that only 32.9% of land carries a commercial or industrial designation.
The Light Industry District is intended to provide for areas where light industry and warehouses may locate without detriment to the remainder of the community
Market overview
Demographics & Economy
Belleville, IL has 130,000 residents in 56,949 households. Density runs 976 people per square mile. Median household income here is $78,644 and median gross rent $1,077 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Belleville?
What zoning applies to commercial property in Belleville?
Where does Realmo's Belleville market data come from?
Methodology & data sources
- Asking prices and medians
- There are 91 active for-sale and 35 active for-lease listings in Belleville, IL. The sale median is based on 31 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: 12,956 zoned acres across 14 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
