Commercial Real Estate Market in Hopewell, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing in Hopewell, IL.
Market Trends
Hopewell, IL spans 65.5 square miles in Marshall County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hopewell, IL runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Hopewell, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Hopewell, 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%.
Multifamily
Multifamily vacancy in Hopewell, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 100%
Largest Zones share of zoned land by district
Hopewell, IL zones 716 acres across 1 districts. The largest single district is Single Family Residential at 100%.
The intent of this zone is to promote single family residential uses
Market overview
Demographics & Economy
Hopewell, IL has 1,409 residents in 638 households. Density runs 22 people per square mile. Median household income here is $76,736 and median gross rent $660 a month.
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Sparland | — | — |
| Lacon | — | — |
| Chillicothe | — | — |
| North Hampton | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Hopewell?
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Hopewell, 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.
- Zoning and land use
- The current municipal zoning release: 716 zoned acres across 1 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
