Commercial Real Estate Market in Greenville, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
10 active listings and 330 off-market properties in Greenville, IL.
Market Trends
Greenville, IL spans 143.1 square miles in Bond County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Greenville, 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 Greenville, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Greenville, 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 Greenville, 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
- Industrial 53.6%
- Residential 24.4%
- Commercial 19.4%
- Planned_development 1.6%
- Mixed use 1%
Largest Zones share of zoned land by district
Industrial Heavy
Industrial Light
Single Family Residential
Commercial Neighborhood
Commercial General
Greenville, IL zones 4,044 acres across 10 districts. Commercial zoning covers 19.4% of zoned land, residential 24.4% and industrial 53.6%. The largest single district is Industrial Heavy at 39.9%. For commercial buyers the practical constraint is that only 73% of land carries a commercial or industrial designation.
Industrial Heavy (IH)
Industrial Heavy Districts accommodate areas of heavy and concentrated fabrication, manufacturing and industrial uses that are suitable based upon adjacent land uses, access to transportation and the availability of public services and facilities
Market overview
Demographics & Economy
Greenville, IL has 10,145 residents in 3,879 households. Density runs 71 people per square mile. Median household income here is $61,740 and median gross rent $726 a month.
10,145
Population
3,879
Households
2.6
Avg Household Size
40
Median Age
27%
College-Educated
89%
High-School Grad
143.1 sq mi
ZIP Area
71
Density / Sq Mi
$61,740
Median Household Income
$32,197
Median Earnings
$726
Median Rent
$149,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Woburn | — | — |
| Smithboro | — | — |
| Stubblefield | — | — |
| Dudleyville | — | — |
Commercial property in Greenville, IL asks $6/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Greenville?
Commercial property in Greenville, IL asks an average of $6 per square foot. The 7 most recent recorded sales traded at a median of $39/SF.
What zoning applies to commercial property in Greenville?
Greenville, IL zones 4,044 acres across 10 districts, of which 19.4% is commercial and 53.6% industrial. The largest single district is Industrial Heavy at 39.9% of zoned land. Industrial Heavy Districts accommodate areas of heavy and concentrated fabrication, manufacturing and industrial uses that are suitable based upon adjacent land uses, access to transportation and the availability of public services and facilities Residential zoning covers 24.4% and open space 0%.
Where does Realmo's Greenville market data come from?
Realmo compiles Greenville, IL figures from 8 recent recorded sales, 10 active sale listings, 330 tracked off-market properties, the current Greenville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 0 active for-lease listings in Greenville, 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: 4,044 zoned acres across 10 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
