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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0000923284-10-000018.txt : 20100317
<SEC-HEADER>0000923284-10-000018.hdr.sgml : 20100317
<ACCEPTANCE-DATETIME>20100317140734
ACCESSION NUMBER:		0000923284-10-000018
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20100316
FILED AS OF DATE:		20100317
DATE AS OF CHANGE:		20100317

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			GOODWIN DANIEL L
		CENTRAL INDEX KEY:			0001119191
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32185
		FILM NUMBER:		10688442

	MAIL ADDRESS:	
		STREET 1:		2901 BUTTERFIELD RD
		CITY:			OAK BROOK
		STATE:			IL
		ZIP:			60523

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INLAND REAL ESTATE CORP
		CENTRAL INDEX KEY:			0000923284
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				363953261
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		2901 BUTTERFIELD RD
		CITY:			OAK BROOK
		STATE:			IL
		ZIP:			60523
		BUSINESS PHONE:		6302188000

	MAIL ADDRESS:	
		STREET 1:		2901 BUTTERFIELD RD
		CITY:			OAK BROOK
		STATE:			IL
		ZIP:			60523

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INLAND MONTHLY INCOME FUND III INC
		DATE OF NAME CHANGE:	19940518
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2010-03-16</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000923284</issuerCik>
        <issuerName>INLAND REAL ESTATE CORP</issuerName>
        <issuerTradingSymbol>IRC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001119191</rptOwnerCik>
            <rptOwnerName>GOODWIN DANIEL L</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>2901 BUTTERFIELD RD</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>OAK BROOK</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60523</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2010-03-16</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>5000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>9.016</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>10643490</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Includes shares of IRC common stock owned by Inland American Real Estate Trust, Inc. (&quot;American&quot;) and Inland Western Retail Real Estate Trust, Inc. (&quot;Western&quot;) in accounts managed by Inland Investment Advisors, Inc. (&quot;Adviser&quot;).  Mr. Goodwin directly and indirectly beneficially owns shares of American and Western and he disclaims beneficial ownership of shares owned by American and Western except to the extent of his respective ownership of those entities.</footnote>
        <footnote id="F2">Includes 1,060,835 shares of common stock owned by Mr. Goodwin and/or his spouse.  Also includes common stock owned directly by the following entities: 833,820 by American; 315,820 by Western; 9,091 by The Inland Group, Inc. (&quot;TIGI&quot;); 179,250 by IMIC Stock Holding Company; 7,212,118 by Inland Investment Stock Holding Company (&quot;IISHC&quot;); 137,110 by Partnership Ownership Corporation (&quot;POC&quot;); and 895,446 by Eagle Financial Corporation.  The latter four entities and Inland Real Estate Investment Corporation (&quot;IREIC&quot;) are wholly-owned subsidiaries of TIGI.  Adviser, IISHC and POC are wholly-owned subsidiaries of IREIC.  Mr. Goodwin is the controlling shareholder of TIGI and he disclaims beneficial ownership of shares owned by TIGI and its subsidiaries except to the extent of his respective ownership of those entities.</footnote>
        <footnote id="F3">Includes beneficial ownership of 5,589 shares acquired by Mr. Goodwin and 4,764 shares acquired by Eagle Financial Corporation through dividend reinvestment.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/Daniel L. Goodwin</signatureName>
        <signatureDate>2010-03-17</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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