Commercial Real Estate Market in Jacksonville, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
19 active listings and 1,081 off-market properties in Jacksonville, IL.
Market Trends
Jacksonville, IL spans 197.8 square miles in Morgan County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Jacksonville, 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 Jacksonville, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Jacksonville, 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 Jacksonville, 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 48.4%
- Industrial 18.3%
- Open space 17.8%
- Commercial 12.6%
- Planned_development 1.5%
- Agricultural 0.9%
- Mixed use 0.5%
Largest Zones share of zoned land by district
Public
One Family Dwelling
Heavy Industrial
One Family Dwelling
One Family Dwelling
Jacksonville, IL zones 6,076 acres across 20 districts. Commercial zoning covers 12.6% of zoned land, residential 48.4%, open space 17.8% and industrial 18.3%. The largest single district is Public at 17.8%. For commercial buyers the practical constraint is that only 30.8% of land carries a commercial or industrial designation.
Public (PUB)
District is intended to accommodate those uses and groupings of uses, which have a distinctly public character, and to encourage the retention of certain properties in a relatively undeveloped state, such as public recreation uses or cemeteries
Market overview
Demographics & Economy
Jacksonville, IL has 24,891 residents in 11,213 households. Density runs 126 people per square mile. Median household income here is $64,137 and median gross rent $705 a month.
24,891
Population
11,213
Households
2.2
Avg Household Size
42
Median Age
26%
College-Educated
89%
High-School Grad
197.8 sq mi
ZIP Area
126
Density / Sq Mi
$64,137
Median Household Income
$40,101
Median Earnings
$705
Median Rent
$142,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Merritt | — | — |
| Arnold | — | — |
| Lynnville | — | — |
| Pisgah | — | — |
Commercial property in Jacksonville, IL asks $1,198/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Jacksonville?
Commercial property in Jacksonville, IL asks an average of $1,198 per square foot.
What zoning applies to commercial property in Jacksonville?
Jacksonville, IL zones 6,076 acres across 20 districts, of which 12.6% is commercial and 18.3% industrial. The largest single district is Public at 17.8% of zoned land. District is intended to accommodate those uses and groupings of uses, which have a distinctly public character, and to encourage the retention of certain properties in a relatively undeveloped state, such as public recreation uses or cemeteries Residential zoning covers 48.4% and open space 17.8%.
Where does Realmo's Jacksonville market data come from?
Realmo compiles Jacksonville, IL figures from 6 recent recorded sales, 18 active sale listings, 1 active lease listings, 1,081 tracked off-market properties, the current Jacksonville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 18 active for-sale and 1 active for-lease listings in Jacksonville, 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: 6,076 zoned acres across 20 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
