Commercial Real Estate Market in Hillsboro, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
8 active listings and 359 off-market properties in Hillsboro, IL.
Market Trends
Hillsboro, IL spans 82.1 square miles in Montgomery County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hillsboro, 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 Hillsboro, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Hillsboro, 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 Hillsboro, 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 79.6%
- Commercial 12.5%
- Industrial 7.9%
Largest Zones share of zoned land by district
Single Family Residence
General Residence Small
Highway Business
Industrial Manufacturing
General Business
Hillsboro, IL zones 1,835 acres across 5 districts. Commercial zoning covers 12.5% of zoned land, residential 79.6% and industrial 7.9%. The largest single district is Single Family Residence at 45%. For commercial buyers the practical constraint is that only 20.4% of land carries a commercial or industrial designation.
General Business (B-1)
Any use permitted in the "B-1" District, except residential uses. (See Section 40 -4-42) Commercial establishments, any type, including drive-in facilities. Such uses as the following are especially appropriate in this District: - bowling alleys - furniture and appliance sales - greenhouses - lumber and building supplies sales - motor vehicles sales - recrea…
Market overview
Demographics & Economy
Hillsboro, IL has 7,952 residents in 2,970 households. Density runs 97 people per square mile. Median household income here is $54,767 and median gross rent $817 a month.
7,952
Population
2,970
Households
2.7
Avg Household Size
42
Median Age
14%
College-Educated
87%
High-School Grad
82.1 sq mi
ZIP Area
97
Density / Sq Mi
$54,767
Median Household Income
$36,264
Median Earnings
$817
Median Rent
$106,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Schram City | — | — |
| Taylor Springs | — | — |
| Butler | — | — |
| Irving | — | — |
Commercial property in Hillsboro, IL asks $25/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hillsboro?
Commercial property in Hillsboro, IL asks an average of $25 per square foot.
What zoning applies to commercial property in Hillsboro?
Hillsboro, IL zones 1,835 acres across 5 districts, of which 12.5% is commercial and 7.9% industrial. The largest single district is Single Family Residence at 45% of zoned land. Residential zoning covers 79.6% and open space 0%.
Where does Realmo's Hillsboro market data come from?
Realmo compiles Hillsboro, IL figures from 6 recent recorded sales, 7 active sale listings, 1 active lease listings, 359 tracked off-market properties, the current Hillsboro zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 7 active for-sale and 1 active for-lease listings in Hillsboro, 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: 1,835 zoned acres across 5 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
