Commercial Real Estate Market in Grayville, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 274 off-market properties in Grayville, IL.
Market Trends
Grayville, IL spans 46.8 square miles in White County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Grayville, 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 Grayville, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Grayville, 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 Grayville, 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 37.4%
- Industrial 27.8%
- Agricultural 19.7%
- Commercial 15.2%
Largest Zones share of zoned land by district
Light Industry District
Single Family Residence District
Agricultural District
Local Business District
Single Family Residence District
Grayville, IL zones 1,231 acres across 8 districts. Commercial zoning covers 15.2% of zoned land, residential 37.4% and industrial 27.8%. The largest single district is Light Industry District at 27.1%. For commercial buyers the practical constraint is that only 43% of land carries a commercial or industrial designation.
Light Industry District (I-1)
I-1 Industry District regulations General Regulations and Standards 153.075 Home occupation 153.076 Temporary non-residential occupancy 153.077 Signs and outdoor advertising structures 153.078 Accessory buildings and uses 153.079 Property development standards 153.080 Nonconforming building and use specifications 153.081 Telecommunications towers 153.082 Tem…
Market overview
Demographics & Economy
Grayville, IL has 1,930 residents in 936 households. Density runs 41 people per square mile. Median household income here is $49,659 and median gross rent $646 a month.
1,930
Population
936
Households
2.1
Avg Household Size
48
Median Age
13%
College-Educated
88%
High-School Grad
46.8 sq mi
ZIP Area
41
Density / Sq Mi
$49,659
Median Household Income
$33,663
Median Earnings
$646
Median Rent
$81,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Calvin | — | — |
| Cowling | — | — |
| Griffin | — | — |
| Phillips | — | — |
Commercial property in Grayville, IL asks $195/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Grayville?
Commercial property in Grayville, IL asks an average of $195 per square foot.
What zoning applies to commercial property in Grayville?
Grayville, IL zones 1,231 acres across 8 districts, of which 15.2% is commercial and 27.8% industrial. The largest single district is Light Industry District at 27.1% of zoned land. I-1 Industry District regulations General Regulations and Standards 153.075 Home occupation 153.076 Temporary non-residential occupancy 153.077 Signs and outdoor advertising structures 153.078 Accessory buildings and uses 153.079 Property development standards 153.080 Nonconforming building and use specifications 153.081 Telecommunications towers 153.082 Tem… Residential zoning covers 37.4% and open space 0%.
Where does Realmo's Grayville market data come from?
Realmo compiles Grayville, IL figures from 4 recent recorded sales, 6 active sale listings, 274 tracked off-market properties, the current Grayville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 0 active for-lease listings in Grayville, 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: 1,231 zoned acres across 8 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
