Commercial Real Estate Market in Princeton, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
32 active listings and 629 off-market properties in Princeton, IL. Commercial property asks $141/SF to buy and $14.00/SF/Yr to lease.
Market Trends
Princeton, IL spans 189.6 square miles in Bureau County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Princeton, 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 Princeton, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Princeton, 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 Princeton, 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 46.9%
- Industrial 27.7%
- Agricultural 15.1%
- Commercial 10.3%
Largest Zones share of zoned land by district
R1a
General Manufacturing
Agricultural
Single Family
Limited Manufacturing
Princeton, IL zones 4,747 acres across 12 districts. Commercial zoning covers 10.3% of zoned land, residential 46.9% and industrial 27.7%. The largest single district is R1a at 19.2%. For commercial buyers the practical constraint is that only 38% of land carries a commercial or industrial designation.
R1a (R1A)
RE R1A R1 R2 R3 B1 B2 B3 B4 M1 M2 A Use Standard Medical or Dental Clinic - S S S S P P P P - - - Mini Warehouse - - - - - - S - S P P - Office - - - - - P P P P P P - Personal and Consumer Service - - - - - P P P P - - - Retail Sales - - - - - P P S P S -S - Sports and Recreation, Participant Outdoor - - - - - - P - - S S - Indoor - - - - - - P - P P P - Ve…
Market overview
Demographics & Economy
Princeton, IL has 10,915 residents in 5,120 households. Density runs 58 people per square mile. Median household income here is $63,952 and median gross rent $751 a month.
10,915
Population
5,120
Households
2.1
Avg Household Size
48
Median Age
28%
College-Educated
93%
High-School Grad
189.6 sq mi
ZIP Area
58
Density / Sq Mi
$63,952
Median Household Income
$35,830
Median Earnings
$751
Median Rent
$146,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hollowayville | — | — |
| Coal Hollow | — | — |
| Tiskilwa | — | — |
| Dover | — | — |
Commercial property in Princeton, IL asks $141/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Princeton?
Commercial property in Princeton, IL asks an average of $141 per square foot.
How much does it cost to lease commercial space in Princeton?
Asking lease rates in Princeton, IL average $14.00 per square foot per year.
What zoning applies to commercial property in Princeton?
Princeton, IL zones 4,747 acres across 12 districts, of which 10.3% is commercial and 27.7% industrial. The largest single district is R1a at 19.2% of zoned land. RE R1A R1 R2 R3 B1 B2 B3 B4 M1 M2 A Use Standard Medical or Dental Clinic - S S S S P P P P - - - Mini Warehouse - - - - - - S - S P P - Office - - - - - P P P P P P - Personal and Consumer Service - - - - - P P P P - - - Retail Sales - - - - - P P S P S -S - Sports and Recreation, Participant Outdoor - - - - - - P - - S S - Indoor - - - - - - P - P P P - Ve… Residential zoning covers 46.9% and open space 0%.
Where does Realmo's Princeton market data come from?
Realmo compiles Princeton, IL figures from 7 recent recorded sales, 30 active sale listings, 2 active lease listings, 629 tracked off-market properties, the current Princeton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 30 active for-sale and 2 active for-lease listings in Princeton, 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: 4,747 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
