Commercial Real Estate Market in Sullivan, MO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
23 active listings and 436 off-market properties in Sullivan, MO. Commercial property asks $501/SF to buy and $12.00/SF/Yr to lease.
Market Trends
Sullivan, MO spans 248.8 square miles in Franklin County, Missouri. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Sullivan, 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 Sullivan, MO runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Sullivan, 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 Sullivan, 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
- Residential 66.5%
- Commercial 18.6%
- Industrial 14.9%
Largest Zones share of zoned land by district
Low Density Residential District
General Commercial District
Industrial District
Single And Multiple Family District
Single Family District
Sullivan, MO zones 5,213 acres across 10 districts. Commercial zoning covers 18.6% of zoned land, residential 66.5% and industrial 14.9%. The largest single district is Low Density Residential District at 37.8%. For commercial buyers the practical constraint is that only 33.5% of land carries a commercial or industrial designation.
Low Density Residential District (R-4)
The "R-4" District is designed primarily to accommodate single-family detached residential development at low densities. Section 400.505 Commercial Districts Established. [ Ord. No. 2974 §1(Art. 9 §136), 11-2-2004 ] A. The following commercial districts are hereby established: "C-1", "C-2", "C-3", "C-4" and "C-5". These districts are created to accomplish th…
Market overview
Demographics & Economy
Sullivan, MO has 13,554 residents in 6,460 households. Density runs 54 people per square mile. Median household income here is $60,862 and median gross rent $863 a month.
13,554
Population
6,460
Households
2.1
Avg Household Size
42
Median Age
19%
College-Educated
90%
High-School Grad
248.8 sq mi
ZIP Area
54
Density / Sq Mi
$60,862
Median Household Income
$42,679
Median Earnings
$863
Median Rent
$169,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Oak Grove Village | — | — |
| Spring Bluff | — | — |
| Miramiguoa Park | — | — |
| Stanton | — | — |
Commercial property in Sullivan, MO asks $501/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Sullivan?
Commercial property in Sullivan, MO asks an average of $501 per square foot.
How much does it cost to lease commercial space in Sullivan?
Asking lease rates in Sullivan, MO average $12.00 per square foot per year.
What zoning applies to commercial property in Sullivan?
Sullivan, MO zones 5,213 acres across 10 districts, of which 18.6% is commercial and 14.9% industrial. The largest single district is Low Density Residential District at 37.8% of zoned land. The "R-4" District is designed primarily to accommodate single-family detached residential development at low densities. Section 400.505 Commercial Districts Established. [ Ord. No. 2974 §1(Art. 9 §136), 11-2-2004 ] A. The following commercial districts are hereby established: "C-1", "C-2", "C-3", "C-4" and "C-5". These districts are created to accomplish th… Residential zoning covers 66.5% and open space 0%.
Where does Realmo's Sullivan market data come from?
Realmo compiles Sullivan, MO figures from 21 active sale listings, 2 active lease listings, 436 tracked off-market properties, the current Sullivan zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 21 active for-sale and 2 active for-lease listings in Sullivan, 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: 5,213 zoned acres across 10 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
