Commercial Real Estate Market in Columbia, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
132 active listings and 349 off-market properties in Columbia, IL. Commercial property asks $83/SF to buy and $16.26/SF/Yr to lease.
Market Trends
Columbia, IL spans 60.3 square miles in Monroe County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Columbia, 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 Columbia, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Columbia, 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 Columbia, 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 42.7%
- Agricultural 19.4%
- Industrial 19.1%
- Commercial 14.5%
- Mixed use 3.9%
- Special 0.5%
Largest Zones share of zoned land by district
Agricultural District
One Family Dwelling District
Light Industrial District
One Family Dwelling District
One Family Dwelling District
Columbia, IL zones 6,147 acres across 17 districts. Commercial zoning covers 14.5% of zoned land, residential 42.7% and industrial 19.1%. The largest single district is Agricultural District at 19.4%. For commercial buyers the practical constraint is that only 33.6% of land carries a commercial or industrial designation.
Agricultural District (CA1)
District is intended to provide agriculture uses
Market overview
Demographics & Economy
Columbia, IL has 13,924 residents in 5,797 households. Density runs 231 people per square mile. Median household income here is $112,070 and median gross rent $1,089 a month.
13,924
Population
5,797
Households
2.4
Avg Household Size
42
Median Age
48%
College-Educated
96%
High-School Grad
60.3 sq mi
ZIP Area
231
Density / Sq Mi
$112,070
Median Household Income
$62,823
Median Earnings
$1,089
Median Rent
$300,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Oakville | $100 (county avg) | — |
| Lemay | $100 (county avg) | — |
Commercial property in Columbia, IL asks $83/SF. The 2 bordering markets run from $100/SF in Oakville to $100/SF in Oakville, and the city sits below their $100/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Columbia?
Commercial property in Columbia, IL asks an average of $83 per square foot.
How much does it cost to lease commercial space in Columbia?
Asking lease rates in Columbia, IL average $16.26 per square foot per year.
How does Columbia compare to nearby markets on price?
Columbia, IL asks $83/SF against $100/SF in Oakville and $100/SF in Lemay.
What zoning applies to commercial property in Columbia?
Columbia, IL zones 6,147 acres across 17 districts, of which 14.5% is commercial and 19.1% industrial. The largest single district is Agricultural District at 19.4% of zoned land. District is intended to provide agriculture uses Residential zoning covers 42.7% and open space 0%.
Where does Realmo's Columbia market data come from?
Realmo compiles Columbia, IL figures from 5 recent recorded sales, 120 active sale listings, 12 active lease listings, 349 tracked off-market properties, the current Columbia zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 120 active for-sale and 12 active for-lease listings in Columbia, 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: 6,147 zoned acres across 17 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
