Commercial Real Estate Market in Mansfield, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 54 off-market properties in Mansfield, IL.
Market Trends
Mansfield, IL spans 56.4 square miles in Piatt County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Mansfield, 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 Mansfield, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Mansfield, 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 Mansfield, 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 75.7%
- Agricultural 13.7%
- Commercial 6%
- Industrial 4.4%
Largest Zones share of zoned land by district
Single Family
Agricultural
Two Family
General Commercial
General Industrial
Mansfield, IL zones 345 acres across 8 districts. Commercial zoning covers 6% of zoned land, residential 75.7% and industrial 4.4%. The largest single district is Single Family at 63.9%. For commercial buyers the practical constraint is that only 10.4% of land carries a commercial or industrial designation.
General Industrial (I-2)
I-2 � General Industrial District (B) The boundaries of these districts are shown on the �Zoning District Map� which is made a part of this Chapter. The original of this map is properly attested and on file with the Village Clerk, and the map and all the information shown thereon shall have the same force and effect as if fully set forth or described herein.…
Market overview
Demographics & Economy
Mansfield, IL has 1,431 residents in 655 households. Density runs 25 people per square mile. Median household income here is $84,338 and median gross rent $1,057 a month.
1,431
Population
655
Households
2.2
Avg Household Size
47
Median Age
25%
College-Educated
95%
High-School Grad
56.4 sq mi
ZIP Area
25
Density / Sq Mi
$84,338
Median Household Income
$51,250
Median Earnings
$1,057
Median Rent
$162,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mahomet | — | — |
| Farmer City | — | — |
| Lodge | — | — |
| Seymour | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Mansfield?
Mansfield, IL zones 345 acres across 8 districts, of which 6% is commercial and 4.4% industrial. The largest single district is Single Family at 63.9% of zoned land. Residential zoning covers 75.7% and open space 0%.
Where does Realmo's Mansfield market data come from?
Realmo compiles Mansfield, IL figures from 2 active sale listings, 54 tracked off-market properties, the current Mansfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Mansfield, 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: 345 zoned acres across 8 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
