Commercial Real Estate Market in Virginia, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 145 off-market properties in Virginia, IL.
Market Trends
Virginia, IL spans 102.0 square miles in Cass County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Virginia, 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 Virginia, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Virginia, 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 Virginia, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Virginia, IL has 2,278 residents in 1,180 households. Density runs 22 people per square mile. Median household income here is $77,560 and median gross rent $670 a month.
2,278
Population
1,180
Households
1.9
Avg Household Size
44
Median Age
17%
College-Educated
93%
High-School Grad
102 sq mi
ZIP Area
22
Density / Sq Mi
$77,560
Median Household Income
$37,344
Median Earnings
$670
Median Rent
$107,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Little Indian | — | — |
| Literberry | — | — |
| Chandlerville | — | — |
| Bluff Springs | — | — |
Commercial property in Virginia, IL asks $56/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Virginia?
Commercial property in Virginia, IL asks an average of $56 per square foot.
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 0 active for-lease listings in Virginia, 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.
- 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
