Commercial Real Estate Market in Chillicothe, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
13 active listings and 354 off-market properties in Chillicothe, IL.
Market Trends
Chillicothe, IL spans 53.3 square miles in Peoria County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Chillicothe, 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 Chillicothe, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Chillicothe, 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 Chillicothe, 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 44.5%
- Open space 19.8%
- Industrial 13%
- Agricultural 12.7%
- Commercial 5%
- Civic 0.3%
Largest Zones share of zoned land by district
One Family Residential
Recreational
Living History Farms And Museum
Industrial Park
Multiple Family Residential
Chillicothe, IL zones 3,563 acres across 22 districts. Commercial zoning covers 5% of zoned land, residential 44.5%, open space 19.8% and industrial 13%. The largest single district is One Family Residential at 36.5%. For commercial buyers the practical constraint is that only 17.9% of land carries a commercial or industrial designation.
One Family Residential (R-1)
The following regulations shall apply in all R-1 districts: (1) Uses permitted; use restrictions. a. Single-family dwellings are permitted. b. The total square-foot area of the garage may not exceed the ground floor area of the dwelling. The eave height of the garage may not exceed the average eave height of the dwelling. c. The combined total square footage…
Market overview
Demographics & Economy
Chillicothe, IL has 10,951 residents in 4,773 households. Density runs 206 people per square mile. Median household income here is $74,100 and median gross rent $907 a month.
10,951
Population
4,773
Households
2.3
Avg Household Size
44
Median Age
27%
College-Educated
96%
High-School Grad
53.3 sq mi
ZIP Area
206
Density / Sq Mi
$74,100
Median Household Income
$45,229
Median Earnings
$907
Median Rent
$151,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| North Hampton | — | — |
| Vonachen Knolls | — | — |
| Rome | — | — |
| Hopewell | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Chillicothe?
Chillicothe, IL zones 3,563 acres across 22 districts, of which 5% is commercial and 13% industrial. The largest single district is One Family Residential at 36.5% of zoned land. The following regulations shall apply in all R-1 districts: (1) Uses permitted; use restrictions. a. Single-family dwellings are permitted. b. The total square-foot area of the garage may not exceed the ground floor area of the dwelling. The eave height of the garage may not exceed the average eave height of the dwelling. c. The combined total square footage… Residential zoning covers 44.5% and open space 19.8%.
Where does Realmo's Chillicothe market data come from?
Realmo compiles Chillicothe, IL figures from 6 recent recorded sales, 11 active sale listings, 2 active lease listings, 354 tracked off-market properties, the current Chillicothe zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 11 active for-sale and 2 active for-lease listings in Chillicothe, 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: 3,563 zoned acres across 22 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
