Commercial Real Estate Market in Latham, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Latham, IL spans 20.6 square miles in Logan County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Latham, IL runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Latham, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Latham, 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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Latham, IL 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 60.3%
- Commercial 39.7%
Largest Zones share of zoned land by district
Single Family Residential District
Business District
Business District
Latham, IL zones 166 acres across 3 districts. Commercial zoning covers 39.7% of zoned land, residential 60.3%. The largest single district is Single Family Residential District at 60.3%. For commercial buyers the practical constraint is that only 39.7% of land carries a commercial or industrial designation.
Single Family Residential District (R1)
The intent of this to promote single family residential uses
Market overview
Demographics & Economy
Latham, IL has 453 residents in 216 households. Density runs 22 people per square mile. Median household income here is $77,083 and median gross rent $815 a month.
453
Population
216
Households
2.1
Avg Household Size
46
Median Age
24%
College-Educated
93%
High-School Grad
20.6 sq mi
ZIP Area
22
Density / Sq Mi
$77,083
Median Household Income
$44,643
Median Earnings
$815
Median Rent
$86,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Heman | — | — |
| Warrensburg | — | — |
| Chestnut | — | — |
| Mount Pulaski | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Latham?
Latham, IL zones 166 acres across 3 districts, of which 39.7% is commercial and 0% industrial. The largest single district is Single Family Residential District at 60.3% of zoned land. The intent of this to promote single family residential uses Residential zoning covers 60.3% and open space 0%.
Where does Realmo's Latham market data come from?
Realmo compiles Latham, IL figures from 3 recent recorded sales, 28 tracked off-market properties, the current Latham zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- 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: 166 zoned acres across 3 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
