Commercial Real Estate Market in Wapella, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 27 off-market properties in Wapella, IL.
Market Trends
Wapella, IL spans 36.4 square miles in De Witt County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Wapella, 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 Wapella, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Wapella, 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 Wapella, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Wapella, IL has 864 residents in 426 households. Density runs 24 people per square mile. Median household income here is $88,568 and median gross rent $780 a month.
864
Population
426
Households
2
Avg Household Size
45
Median Age
19%
College-Educated
95%
High-School Grad
36.4 sq mi
ZIP Area
24
Density / Sq Mi
$88,568
Median Household Income
$45,781
Median Earnings
$780
Median Rent
$139,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Prairie Center | — | — |
| Clinton | — | — |
| Midland City | — | — |
| Birkbeck | — | — |
Commercial property in Wapella, IL asks $475/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Wapella?
Commercial property in Wapella, IL asks an average of $475 per square foot.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Wapella, 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
