Commercial Real Estate Market in Centralia, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
27 active listings and 963 off-market properties in Centralia, IL. Commercial property asks $284/SF to buy and $12.25/SF/Yr to lease.
Market Trends
Centralia, IL spans 134.4 square miles in Marion County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Centralia, 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 Centralia, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Centralia, 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 Centralia, 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 41.2%
- Agricultural 36%
- Commercial 10.2%
- Special 5.5%
- Industrial 5.5%
- Civic 1.7%
Largest Zones share of zoned land by district
Agriculture
Single Family Residential
Single Family Residential
Multifamily Residential
Airport
Agriculture (AG)
AG Agricultural SR-E Single-Family Residential-Estate SR-1 Single-Family Residential SR-2 Single-Family Residential MR Multiple Family Residential MH Mobile Home Overlay B-1 Neighborhood Business B-2 Central Business B-3 Highway Arterial Business B-4 Corridor Business I-1 Light Industry I-2 Industrial S-1 Flood Plain overlay S-2 Airport INS Institutional WCF…
Market overview
Demographics & Economy
Centralia, IL has 20,502 residents in 9,044 households. Density runs 153 people per square mile. Median household income here is $53,740 and median gross rent $785 a month.
20,502
Population
9,044
Households
2.3
Avg Household Size
42
Median Age
16%
College-Educated
86%
High-School Grad
134.4 sq mi
ZIP Area
153
Density / Sq Mi
$53,740
Median Household Income
$36,109
Median Earnings
$785
Median Rent
$91,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Central City | — | — |
| Wamac | — | — |
| Junction City | — | — |
| Walnut Hill | — | — |
Commercial property in Centralia, IL asks $284/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Centralia?
Commercial property in Centralia, IL asks an average of $284 per square foot.
How much does it cost to lease commercial space in Centralia?
Asking lease rates in Centralia, IL average $12.25 per square foot per year.
Where does Realmo's Centralia market data come from?
Realmo compiles Centralia, IL figures from 5 recent recorded sales, 22 active sale listings, 5 active lease listings, 963 tracked off-market properties, the current Centralia zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 22 active for-sale and 5 active for-lease listings in Centralia, 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: 10,749 zoned acres across 13 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
