Commercial Real Estate Market in Princeville, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 133 off-market properties in Princeville, IL.
Market Trends
Princeville, IL spans 97.2 square miles in Peoria County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Princeville, 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 Princeville, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Princeville, 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 Princeville, 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 25.7%
- Industrial 5.6%
- Commercial 5.5%
- Agricultural 0.1%
Largest Zones share of zoned land by district
No Zoning
Residential District
Industrial District
Commercial District
Commercial District
Industrial District (I)
E. I Industrial district F. A Agricultural district. §17.12.020 Official Map . The location and boundaries of the districts established by this title are as shown on the zoning map prepared as provided by statute and identified by the title, “Village of Princeville, Illinois, Official Zoning Map”, on file in the Village Hall. All explanatory matters thereon…
Market overview
Demographics & Economy
Princeville, IL has 3,199 residents in 1,490 households. Density runs 33 people per square mile. Median household income here is $82,500 and median gross rent $1,089 a month.
3,199
Population
1,490
Households
2.1
Avg Household Size
41
Median Age
27%
College-Educated
93%
High-School Grad
97.2 sq mi
ZIP Area
33
Density / Sq Mi
$82,500
Median Household Income
$45,884
Median Earnings
$1,089
Median Rent
$171,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Monica | — | — |
| West Hallock | — | — |
| Dunlap | — | — |
| Edelstein | — | — |
Frequently Asked Questions
Where does Realmo's Princeville market data come from?
Realmo compiles Princeville, IL figures from 3 recent recorded sales, 3 active sale listings, 133 tracked off-market properties, the current Princeville zoning release. 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 Princeville, 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: 1,089 zoned acres across 6 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
