Commercial Real Estate Market in Mattoon, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
69 active listings and 1,013 off-market properties in Mattoon, IL.
Market Trends
Mattoon, IL spans 126.5 square miles in Coles County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Mattoon, 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 Mattoon, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Mattoon, 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 Mattoon, 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 52.9%
- Commercial 34.6%
- Industrial 5.7%
- Planned_development 0.2%
Largest Zones share of zoned land by district
Single Family Residential
Service Commercial District
General Commercial District
Corridor Development
Neighborhood Commercial District
Mattoon, IL zones 6,784 acres across 12 districts. Commercial zoning covers 34.6% of zoned land, residential 52.9% and industrial 5.7%. The largest single district is Single Family Residential at 46.3%. For commercial buyers the practical constraint is that only 40.3% of land carries a commercial or industrial designation.
Single Family Residential (R1)
The purpose of this district is to provide areas for single-family residential dwellings.
Market overview
Demographics & Economy
Mattoon, IL has 20,768 residents in 10,299 households. Density runs 164 people per square mile. Median household income here is $54,288 and median gross rent $771 a month.
20,768
Population
10,299
Households
2
Avg Household Size
42
Median Age
23%
College-Educated
90%
High-School Grad
126.5 sq mi
ZIP Area
164
Density / Sq Mi
$54,288
Median Household Income
$39,651
Median Earnings
$771
Median Rent
$109,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lerna | — | — |
| Gays | — | — |
| Humboldt | — | — |
| Allenville | — | — |
Commercial property in Mattoon, IL asks $31/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Mattoon?
Commercial property in Mattoon, IL asks an average of $31 per square foot.
What zoning applies to commercial property in Mattoon?
Mattoon, IL zones 6,784 acres across 12 districts, of which 34.6% is commercial and 5.7% industrial. The largest single district is Single Family Residential at 46.3% of zoned land. The purpose of this district is to provide areas for single-family residential dwellings. Residential zoning covers 52.9% and open space 0%.
Where does Realmo's Mattoon market data come from?
Realmo compiles Mattoon, IL figures from 6 recent recorded sales, 50 active sale listings, 19 active lease listings, 1,013 tracked off-market properties, the current Mattoon zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 50 active for-sale and 19 active for-lease listings in Mattoon, 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: 6,784 zoned acres across 12 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
