Commercial Real Estate Market in Belleville, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
289 active listings and 2,768 off-market properties in Belleville, IL. Commercial property asks $75/SF to buy and $14.50/SF/Yr to lease.
Market Trends
Belleville, IL spans 133.2 square miles in St. Clair County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Belleville, 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 Belleville, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily space in Belleville, IL asks $85/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
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
Single Family Residence
Heavy Commercial
Two Family Residence
Light Industry
Commercial
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.
Light Industry (D-1)
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.
130,000
Population
56,949
Households
2.3
Avg Household Size
40
Median Age
38%
College-Educated
95%
High-School Grad
133.2 sq mi
ZIP Area
976
Density / Sq Mi
$78,644
Median Household Income
$46,694
Median Earnings
$1,077
Median Rent
$198,686
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Swansea | — | — |
| Smithton | — | — |
| Freeburg | — | — |
| Millstadt | — | — |
Commercial property in Belleville, IL asks $75/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Belleville?
Commercial property in Belleville, IL asks an average of $75 per square foot. The 5 most recent recorded sales traded at a median of $25/SF, so asking sits 202% above the achieved median. Multifamily carries the highest asking price at $85/SF.
How much does it cost to lease commercial space in Belleville?
Asking lease rates in Belleville, IL average $14.50 per square foot per year.
What zoning applies to commercial property in Belleville?
Belleville, IL zones 12,956 acres across 14 districts, of which 25.5% is commercial and 7.4% industrial. The largest single district is Single Family Residence at 49.7% of zoned land. Residential zoning covers 66.5% and open space 0%.
Where does Realmo's Belleville market data come from?
Realmo compiles Belleville, IL figures from 5 recent recorded sales, 237 active sale listings, 52 active lease listings, 2,768 tracked off-market properties, the current Belleville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 237 active for-sale and 52 active for-lease listings in Belleville, 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: 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 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, 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 August 2026 · report a data issue
