Commercial Real Estate Market in Viola, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 76 off-market properties in Viola, IL.
Market Trends
Viola, IL spans 43.4 square miles in Mercer County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Viola, 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 Viola, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Viola, 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 Viola, 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 49.2%
- Agricultural 38%
- Industrial 8.1%
- Commercial 4.7%
Largest Zones share of zoned land by district
One Family Residential Districts
Agricultural District
Light Industrial District
General Commercial District
Neighborhood Commercial District
One Family Residential Districts (R-1)
Ordinance. For the purpose of this subsection only, the R-1 District shall be considered the most restrictive and the I-2 District the least restrictive District. 89.7 Swimming Pool Fences. The lawful use of a swimming pool existing at the effective date of this Ordinance may be continued, provided that twelve (12) months after the effective date of this Ord…
Market overview
Demographics & Economy
Viola, IL has 1,383 residents in 694 households. Density runs 32 people per square mile. Median household income here is $71,786 and median gross rent $833 a month.
1,383
Population
694
Households
2
Avg Household Size
46
Median Age
18%
College-Educated
93%
High-School Grad
43.4 sq mi
ZIP Area
32
Density / Sq Mi
$71,786
Median Household Income
$42,117
Median Earnings
$833
Median Rent
$126,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Gilchrist | — | — |
| Wanlock | — | — |
| Old Gilchrist | — | — |
| Shale City | — | — |
Commercial property in Viola, IL asks $52/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Viola?
Commercial property in Viola, IL asks an average of $52 per square foot.
Where does Realmo's Viola market data come from?
Realmo compiles Viola, IL figures from 3 active sale listings, 76 tracked off-market properties, the current Viola 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 Viola, 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: 536 zoned acres across 7 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
