Commercial Real Estate Market in Carterville, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
34 active listings and 401 off-market properties in Carterville, IL. Commercial property asks $379/SF to buy and $8.50/SF/Yr to lease.
Market Trends
Carterville, IL spans 37.5 square miles in Williamson County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Carterville, 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 Carterville, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Carterville, 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 Carterville, 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 87.6%
- Agricultural 6.2%
- Commercial 5.1%
- Industrial 1.2%
Largest Zones share of zoned land by district
One Family Residence
Multifamily Residence
Agricultural District
One And Two Family Residence
Secondary Business
Carterville, IL zones 3,371 acres across 7 districts. Commercial zoning covers 5.1% of zoned land, residential 87.6% and industrial 1.2%. The largest single district is One Family Residence at 70.7%. For commercial buyers the practical constraint is that only 6.2% of land carries a commercial or industrial designation.
One Family Residence (R-1)
One Family Residence Districts an area of structures intended to provide for One family detached dwellings.
Market overview
Demographics & Economy
Carterville, IL has 10,538 residents in 5,001 households. Density runs 281 people per square mile. Median household income here is $70,975 and median gross rent $909 a month.
10,538
Population
5,001
Households
2.1
Avg Household Size
38
Median Age
43%
College-Educated
97%
High-School Grad
37.5 sq mi
ZIP Area
281
Density / Sq Mi
$70,975
Median Household Income
$45,173
Median Earnings
$909
Median Rent
$183,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Crainville | — | — |
| Cambria | — | — |
| Energy | — | — |
| Colp | — | — |
Commercial property in Carterville, IL asks $379/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Carterville?
Commercial property in Carterville, IL asks an average of $379 per square foot.
How much does it cost to lease commercial space in Carterville?
Asking lease rates in Carterville, IL average $8.50 per square foot per year.
What zoning applies to commercial property in Carterville?
Carterville, IL zones 3,371 acres across 7 districts, of which 5.1% is commercial and 1.2% industrial. The largest single district is One Family Residence at 70.7% of zoned land. One Family Residence Districts an area of structures intended to provide for One family detached dwellings. Residential zoning covers 87.6% and open space 0%.
Where does Realmo's Carterville market data come from?
Realmo compiles Carterville, IL figures from 33 active sale listings, 1 active lease listings, 401 tracked off-market properties, the current Carterville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 33 active for-sale and 1 active for-lease listings in Carterville, 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: 3,371 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
