Commercial Real Estate Market in Coal City, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 235 off-market properties in Coal City, IL. Commercial property asks $187/SF to buy and $16.00/SF/Yr to lease.
Market Trends
Coal City, IL spans 22.8 square miles in Grundy County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Coal City, 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 Coal City, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Coal City, 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 Coal City, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Coal City, IL has 9,512 residents in 3,803 households. Density runs 417 people per square mile. Median household income here is $71,865 and median gross rent $1,074 a month.
9,512
Population
3,803
Households
2.5
Avg Household Size
38
Median Age
20%
College-Educated
93%
High-School Grad
22.8 sq mi
ZIP Area
417
Density / Sq Mi
$71,865
Median Household Income
$47,609
Median Earnings
$1,074
Median Rent
$222,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Carbon Hill | — | — |
| Diamond | — | — |
| Braidwood | — | — |
| Godley | — | — |
Commercial property in Coal City, IL asks $187/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Coal City?
Commercial property in Coal City, IL asks an average of $187 per square foot. The 3 most recent recorded sales traded at a median of $300/SF.
How much does it cost to lease commercial space in Coal City?
Asking lease rates in Coal City, IL average $16.00 per square foot per year.
Where does Realmo's Coal City market data come from?
Realmo compiles Coal City, IL figures from 5 recent recorded sales, 5 active sale listings, 1 active lease listings, 235 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 1 active for-lease listings in Coal City, 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.
- 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
