Commercial Real Estate Market in Flora, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
24 active listings and 383 off-market properties in Flora, IL.
Market Trends
Flora, IL spans 71.2 square miles in Clay County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Flora, 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 Flora, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Flora, 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 Flora, 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 40.8%
- Industrial 26.2%
- Agricultural 20%
- Commercial 13.1%
Largest Zones share of zoned land by district
Industrial Park District
Corporate Agriculture District
Single Family Residence District
Neighborhood Commercial District
Single Family Residence District
Flora, IL zones 2,863 acres across 14 districts. Commercial zoning covers 13.1% of zoned land, residential 40.8% and industrial 26.2%. The largest single district is Industrial Park District at 21.9%. For commercial buyers the practical constraint is that only 39.3% of land carries a commercial or industrial designation.
Industrial Park District (I-2)
I-2 INDUSTRIAL PARK DISTRICT The regulations set forth in this Chapter or set forth elsewhere in this Title, when referred to in this Chapter, are the regulations in the I-2 Industrial Park District. No Class B or Class C Mobile Homes are permitted in this District. 16.1 PERMITTED USES . A building or premises shall be used only for the following purposes: I…
Market overview
Demographics & Economy
Flora, IL has 6,441 residents in 2,960 households. Density runs 90 people per square mile. Median household income here is $54,241 and median gross rent $727 a month.
6,441
Population
2,960
Households
2.2
Avg Household Size
42
Median Age
19%
College-Educated
90%
High-School Grad
71.2 sq mi
ZIP Area
90
Density / Sq Mi
$54,241
Median Household Income
$40,301
Median Earnings
$727
Median Rent
$90,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Clay City | — | — |
| Keith | — | — |
| Zenith | — | — |
| Songer | — | — |
Commercial property in Flora, IL asks $167/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Flora?
Commercial property in Flora, IL asks an average of $167 per square foot.
What zoning applies to commercial property in Flora?
Flora, IL zones 2,863 acres across 14 districts, of which 13.1% is commercial and 26.2% industrial. The largest single district is Industrial Park District at 21.9% of zoned land. I-2 INDUSTRIAL PARK DISTRICT The regulations set forth in this Chapter or set forth elsewhere in this Title, when referred to in this Chapter, are the regulations in the I-2 Industrial Park District. No Class B or Class C Mobile Homes are permitted in this District. 16.1 PERMITTED USES . A building or premises shall be used only for the following purposes: I… Residential zoning covers 40.8% and open space 0%.
Where does Realmo's Flora market data come from?
Realmo compiles Flora, IL figures from 6 recent recorded sales, 24 active sale listings, 383 tracked off-market properties, the current Flora zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 24 active for-sale and 0 active for-lease listings in Flora, 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: 2,863 zoned acres across 14 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
