Commercial Real Estate Market in Mill Shoals, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Mill Shoals, IL spans 27.9 square miles in White County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Mill Shoals, 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 Mill Shoals, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Mill Shoals, 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 Mill Shoals, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Mill Shoals, IL has 316 residents in 144 households. Density runs 11 people per square mile. Median household income here is $61,563 and median gross rent $840 a month.
316
Population
144
Households
2.2
Avg Household Size
50
Median Age
20%
College-Educated
93%
High-School Grad
27.9 sq mi
ZIP Area
11
Density / Sq Mi
$61,563
Median Household Income
$29,375
Median Earnings
$840
Median Rent
$72,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Fairfield | — | — |
| Barnhill | — | — |
| Springerton | — | — |
| Burnt Prairie | — | — |
Methodology & data sources
- 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
