Commercial Real Estate Market in Princeton, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
18 active listings and 629 off-market properties in Princeton, IL.
Market Trends
Princeton, IL spans 189.6 square miles in Bureau County, Illinois. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Princeton, IL has a median asking sale price of $76/SF (based on 3 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Princeton, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily vacancy in Princeton, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
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
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.
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Princeton?
What zoning applies to commercial property in Princeton?
Where does Realmo's Princeton market data come from?
Methodology & data sources
- Asking prices and medians
- There are 16 active for-sale and 2 active for-lease listings in Princeton, IL. The sale median is based on 3 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
