Commercial Real Estate Market in Hillsdale, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 69 off-market properties in Hillsdale, IL.
Market Trends
Hillsdale, IL spans 41.3 square miles in Rock Island County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hillsdale, 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 Hillsdale, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Hillsdale, 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 Hillsdale, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Hillsdale, IL has 1,097 residents in 483 households. Density runs 27 people per square mile. Median household income here is $62,000 and median gross rent $1,641 a month.
1,097
Population
483
Households
2.3
Avg Household Size
45
Median Age
16%
College-Educated
93%
High-School Grad
41.3 sq mi
ZIP Area
27
Density / Sq Mi
$62,000
Median Household Income
$44,032
Median Earnings
$1,641
Median Rent
$116,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Erie | — | — |
| Ceffco | — | — |
| Port Byron | — | — |
| Cordova | — | — |
Commercial property in Hillsdale, IL asks $9,758/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hillsdale?
Commercial property in Hillsdale, IL asks an average of $9,758 per square foot.
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 0 active for-lease listings in Hillsdale, 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.
- 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
