Commercial Real Estate Market in Hannibal, MO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
121 active listings and 787 off-market properties in Hannibal, MO. Commercial property asks $11/SF to buy and $22.33/SF/Yr to lease.
Market Trends
Hannibal, MO spans 110.9 square miles in Marion County, Missouri. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hannibal, MO runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Hannibal, MO runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Hannibal, MO 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 Hannibal, MO 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
- Civic 52.1%
- Industrial 21.9%
- Commercial 18.8%
- Open space 5.3%
- Residential 0.1%
Largest Zones share of zoned land by district
One And Two Family
Industrial
Multiple Family
Commercial
Local Business
One And Two Family (A)
ARTICLE IV. - DISTRICT A, ONE- AND TWO-FAMILY DWELLING DISTRICT Sec. 32-215. - Scope. This article applies to the A district. (Code 1988, § 32-301) Sec. 32-216. - Use regulations. In the A district, no building or land shall be used and no building shall be erected or structurally altered, unless otherwise provided in this chapter, except for one or more of…
Market overview
Demographics & Economy
Hannibal, MO has 21,901 residents in 9,700 households. Density runs 197 people per square mile. Median household income here is $60,483 and median gross rent $824 a month.
21,901
Population
9,700
Households
2.3
Avg Household Size
40
Median Age
25%
College-Educated
90%
High-School Grad
110.9 sq mi
ZIP Area
197
Density / Sq Mi
$60,483
Median Household Income
$36,402
Median Earnings
$824
Median Rent
$144,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Monkey Run | — | — |
| Ilasco | — | — |
| Clay | — | — |
| Saverton | — | — |
Commercial property in Hannibal, MO asks $11/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hannibal?
Commercial property in Hannibal, MO asks an average of $11 per square foot.
How much does it cost to lease commercial space in Hannibal?
Asking lease rates in Hannibal, MO average $22.33 per square foot per year.
Where does Realmo's Hannibal market data come from?
Realmo compiles Hannibal, MO figures from 101 active sale listings, 20 active lease listings, 787 tracked off-market properties, the current Hannibal zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 101 active for-sale and 20 active for-lease listings in Hannibal, MO. 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: 8,733 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
