Commercial Real Estate Market in Nebo, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 39 off-market properties in Nebo, IL.
Market Trends
Nebo, IL spans 88.9 square miles in Pike County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Nebo, 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 Nebo, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Nebo, 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 Nebo, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Nebo, IL has 718 residents in 378 households. Density runs 8 people per square mile. Median household income here is $64,792 and median gross rent $1,016 a month.
718
Population
378
Households
1.9
Avg Household Size
45
Median Age
7%
College-Educated
87%
High-School Grad
88.9 sq mi
ZIP Area
8
Density / Sq Mi
$64,792
Median Household Income
$36,250
Median Earnings
$1,016
Median Rent
$101,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Pleasant Hill | — | — |
| Pearl | — | — |
| Clarksville | — | — |
| Time | — | — |
Commercial property in Nebo, IL asks $162,182/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Nebo?
Commercial property in Nebo, IL asks an average of $162,182 per square foot.
Where does Realmo's Nebo market data come from?
Realmo compiles Nebo, IL figures from 2 recent recorded sales, 3 active sale listings, 39 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 3 active for-sale and 0 active for-lease listings in Nebo, 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
