Commercial Real Estate Market in Marshall, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 327 off-market properties in Marshall, IL.
Market Trends
Marshall, IL spans 176.9 square miles in Clark County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Marshall, 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 Marshall, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Marshall, 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 Marshall, 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 52.9%
- Industrial 28.8%
- Commercial 18.3%
Largest Zones share of zoned land by district
One Family Residential
Light Industrial District
General Business
Regional Shopping Center District
Multiple Family Residential
Marshall, IL zones 1,953 acres across 8 districts. Commercial zoning covers 18.3% of zoned land, residential 52.9% and industrial 28.8%. The largest single district is One Family Residential at 50.2%. For commercial buyers the practical constraint is that only 47.1% of land carries a commercial or industrial designation.
One Family Residential (R1)
A. R1, R2, R -3, MFRD, MHPD, B -3. Home occupations located in single family dwelling units shall be permitted a single nameplate sign, to be affixed on the ground floor of the street -facing façade. No other signs shall be permitted for any single family dwelling unit. Home occupations located in attached or multi-family dwelling units are not permitted a s…
Market overview
Demographics & Economy
Marshall, IL has 7,236 residents in 3,290 households. Density runs 41 people per square mile. Median household income here is $80,218 and median gross rent $855 a month.
7,236
Population
3,290
Households
2.2
Avg Household Size
43
Median Age
29%
College-Educated
94%
High-School Grad
176.9 sq mi
ZIP Area
41
Density / Sq Mi
$80,218
Median Household Income
$47,561
Median Earnings
$855
Median Rent
$139,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Clark Center | — | — |
| Oliver | — | — |
| Clarksville | — | — |
| Dennison | — | — |
Commercial property in Marshall, IL asks $35/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Marshall?
Commercial property in Marshall, IL asks an average of $35 per square foot.
What zoning applies to commercial property in Marshall?
Marshall, IL zones 1,953 acres across 8 districts, of which 18.3% is commercial and 28.8% industrial. The largest single district is One Family Residential at 50.2% of zoned land. A. R1, R2, R -3, MFRD, MHPD, B -3. Home occupations located in single family dwelling units shall be permitted a single nameplate sign, to be affixed on the ground floor of the street -facing façade. No other signs shall be permitted for any single family dwelling unit. Home occupations located in attached or multi-family dwelling units are not permitted a s… Residential zoning covers 52.9% and open space 0%.
Where does Realmo's Marshall market data come from?
Realmo compiles Marshall, IL figures from 2 recent recorded sales, 4 active sale listings, 327 tracked off-market properties, the current Marshall zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 0 active for-lease listings in Marshall, 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: 1,953 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
