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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001104659-09-028102.txt : 20090501
<SEC-HEADER>0001104659-09-028102.hdr.sgml : 20090501
<ACCEPTANCE-DATETIME>20090501060315
ACCESSION NUMBER:		0001104659-09-028102
CONFORMED SUBMISSION TYPE:	4/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080807
FILED AS OF DATE:		20090501
DATE AS OF CHANGE:		20090501

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/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32185
		FILM NUMBER:		09786498

	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

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Inland Investment Stock Holding Co
		CENTRAL INDEX KEY:			0001456273
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32185
		FILM NUMBER:		09786497

	BUSINESS ADDRESS:	
		STREET 1:		2901 BUTTERFIELD RD
		CITY:			OAK BROOK
		STATE:			IL
		ZIP:			60523
		BUSINESS PHONE:		(630)218-8000

	MAIL ADDRESS:	
		STREET 1:		2901 BUTTERFIELD RD
		CITY:			OAK BROOK
		STATE:			IL
		ZIP:			60523
</SEC-HEADER>
<DOCUMENT>
<TYPE>4/A
<SEQUENCE>1
<FILENAME>a4a.xml
<DESCRIPTION>4/A
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4/A</documentType>

    <periodOfReport>2008-08-07</periodOfReport>

    <dateOfOriginalSubmission>2008-08-08</dateOfOriginalSubmission>

    <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>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001456273</rptOwnerCik>
            <rptOwnerName>Inland Investment Stock Holding Co</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>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>COMMON STOCK</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <transactionDate>
                <value>2008-08-07</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>6500</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>14.6085</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>9126719</value>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F2"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">This line item is being reported again solely to gain access to the electronic filing system.  This Form 4 is being amended solely to clarify that Inland Investment Stock Holding Company (&quot;IISHC&quot;) should be deemed a joint reporter with Mr. Goodwin on all Form 4s filed or amended by Mr. Goodwin after August 7, 2008.  The information set forth herein should be deemed incorporated into all Form 4s filed or amended by Mr. Goodwin after August 7, 2008.</footnote>
        <footnote id="F2">Total includes 6,632,469 shares of common stock (&quot;Shares&quot;) owned directly by IISHC.  Since August 7, 2008, when IISHC became the owner of 10% of the Shares, IISHC has only acquired Shares through the Distribution Reinvestment Plan.  Because Mr. Goodwin is the controlling shareholder of The Inland Group, Inc., which is the ultimate parent of IISHC, Mr. Goodwin &quot;beneficially owns,&quot; for Schedule 13(d) purposes, the Shares owned directly by IISHC.  Mr. Goodwin's Form 4s, filed or amended after August 7, 2008, reflect all transactions in Shares engaged in by IISHC.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>DANIEL L. GOODWIN /S/ DANIEL L. GOODWIN</signatureName>
        <signatureDate>2009-04-30</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>INLAND INVESTMENT STOCK HOLDING COMPANY /S/ ROBERTA S. MATLIN, SENIOR VICE PRESIDENT</signatureName>
        <signatureDate>2009-04-30</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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