Commercial Real Estate Market in Mount Vernon, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
78 active listings and 1,111 off-market properties in Mount Vernon, IL. Commercial property asks $307/SF to buy and $10.80/SF/Yr to lease.
Market Trends
Mount Vernon, IL spans 143.0 square miles in Jefferson County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Mount Vernon, 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 Mount Vernon, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Mount Vernon, 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 Mount Vernon, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Mount Vernon, IL has 23,327 residents in 11,105 households. Density runs 163 people per square mile. Median household income here is $58,082 and median gross rent $882 a month.
23,327
Population
11,105
Households
2.1
Avg Household Size
41
Median Age
21%
College-Educated
94%
High-School Grad
143 sq mi
ZIP Area
163
Density / Sq Mi
$58,082
Median Household Income
$36,440
Median Earnings
$882
Median Rent
$117,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Camp Ground | — | — |
| Bakerville | — | — |
| Idlewood | — | — |
| Marcoe | — | — |
Commercial property in Mount Vernon, IL asks $307/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Mount Vernon?
Commercial property in Mount Vernon, IL asks an average of $307 per square foot.
How much does it cost to lease commercial space in Mount Vernon?
Asking lease rates in Mount Vernon, IL average $10.80 per square foot per year.
Where does Realmo's Mount Vernon market data come from?
Realmo compiles Mount Vernon, IL figures from 8 recent recorded sales, 74 active sale listings, 4 active lease listings, 1,111 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 74 active for-sale and 4 active for-lease listings in Mount Vernon, 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
