Commercial Real Estate Market in Steeleville, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
19 active listings and 127 off-market properties in Steeleville, IL.
Market Trends
Steeleville, IL spans 36.8 square miles in Randolph County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Steeleville, 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 Steeleville, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Steeleville, 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 Steeleville, 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 59.2%
- Agricultural 19.4%
- Industrial 14.1%
- Commercial 4.4%
Largest Zones share of zoned land by district
Single Family Residential
Agricultural
Industrial
Single Family Residential
Two Family Residential
Steeleville, IL zones 940 acres across 11 districts. Commercial zoning covers 4.4% of zoned land, residential 59.2% and industrial 14.1%. The largest single district is Single Family Residential at 34.5%. For commercial buyers the practical constraint is that only 18.5% of land carries a commercial or industrial designation.
Single Family Residential (SR-3)
SR-3” - SINGLE-FAMILY RESIDENTIAL DISTRICT. The “SR-3” Single-Family Residential District is designed to provide for single-family residential development and is intended to stabilize and preserve existing single-family neighborhoods, and to promote similar residential development in the future. (Sec. 20-615) 40-6-16 PERMITTED USES. The following shall be co…
Market overview
Demographics & Economy
Steeleville, IL has 2,708 residents in 1,337 households. Density runs 74 people per square mile. Median household income here is $69,500 and median gross rent $775 a month.
2,708
Population
1,337
Households
2
Avg Household Size
44
Median Age
18%
College-Educated
89%
High-School Grad
36.8 sq mi
ZIP Area
74
Density / Sq Mi
$69,500
Median Household Income
$35,023
Median Earnings
$775
Median Rent
$166,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Percy | — | — |
| Wine Hill | — | — |
| Welge | — | — |
| Cutler | — | — |
Commercial property in Steeleville, IL asks $12/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Steeleville?
Commercial property in Steeleville, IL asks an average of $12 per square foot.
What zoning applies to commercial property in Steeleville?
Steeleville, IL zones 940 acres across 11 districts, of which 4.4% is commercial and 14.1% industrial. The largest single district is Single Family Residential at 34.5% of zoned land. SR-3” - SINGLE-FAMILY RESIDENTIAL DISTRICT. The “SR-3” Single-Family Residential District is designed to provide for single-family residential development and is intended to stabilize and preserve existing single-family neighborhoods, and to promote similar residential development in the future. (Sec. 20-615) 40-6-16 PERMITTED USES. The following shall be co… Residential zoning covers 59.2% and open space 0%.
Where does Realmo's Steeleville market data come from?
Realmo compiles Steeleville, IL figures from 6 recent recorded sales, 19 active sale listings, 127 tracked off-market properties, the current Steeleville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 19 active for-sale and 0 active for-lease listings in Steeleville, 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: 940 zoned acres across 11 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
