Commercial Real Estate Market in Charleston, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
19 active listings and 615 off-market properties in Charleston, IL.
Market Trends
Charleston, IL spans 148.3 square miles in Coles County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Charleston, 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 Charleston, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Charleston, 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 Charleston, 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 40.1%
- Civic 30.8%
- Commercial 9.2%
- Industrial 7.1%
- Agricultural 4.1%
- Open space 1.1%
Largest Zones share of zoned land by district
Single Family Residence District
Government District
Corridor Development
General Commercial District
Two Family Duplex Residence District
Single Family Residence District (R1)
The purpose of the R-1 single-family residence district is to provide for conventional detached single-family residential development on moderate sized lots where water and sewer facilities are provided
Market overview
Demographics & Economy
Charleston, IL has 20,847 residents in 9,786 households. Density runs 141 people per square mile. Median household income here is $54,229 and median gross rent $823 a month.
20,847
Population
9,786
Households
2.1
Avg Household Size
34
Median Age
35%
College-Educated
93%
High-School Grad
148.3 sq mi
ZIP Area
141
Density / Sq Mi
$54,229
Median Household Income
$27,949
Median Earnings
$823
Median Rent
$144,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lerna | — | — |
| Rardin | — | — |
| Ashmore | — | — |
| Janesville | — | — |
Commercial property in Charleston, IL asks $24/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Charleston?
Commercial property in Charleston, IL asks an average of $24 per square foot.
Where does Realmo's Charleston market data come from?
Realmo compiles Charleston, IL figures from 7 recent recorded sales, 17 active sale listings, 2 active lease listings, 615 tracked off-market properties, the current Charleston zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 17 active for-sale and 2 active for-lease listings in Charleston, 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: 6,012 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
