Commercial Real Estate Market in Poplar Grove, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
110 active listings and 1,872 off-market properties in Poplar Grove, IL. Commercial property asks $89/SF to buy and $12.10/SF/Yr to lease.
Market Trends
Poplar Grove, IL spans 50.9 square miles in Rock Island County, Illinois. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Poplar Grove, 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 Poplar Grove, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Poplar Grove, 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 Poplar Grove, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Poplar Grove, IL has 11,206 residents in 3,846 households. Density runs 220 people per square mile. Median household income here is $104,216 and median gross rent $1,469 a month.
11,206
Population
3,846
Households
2.9
Avg Household Size
38
Median Age
23%
College-Educated
92%
High-School Grad
50.9 sq mi
ZIP Area
220
Density / Sq Mi
$104,216
Median Household Income
$50,958
Median Earnings
$1,469
Median Rent
$208,400
Median Home Value
Tools
Lease vs Buy Breakeven
At $12.10/SF/Yr lease vs $89/SF buy → buying wins if held > 0.8 years.
At a 13.6% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
Commercial property in Poplar Grove, IL asks $89/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Poplar Grove?
Commercial property in Poplar Grove, IL asks an average of $89 per square foot. The 5 most recent recorded sales traded at a median of $94/SF.
How much does it cost to lease commercial space in Poplar Grove?
Asking lease rates in Poplar Grove, IL average $12.10 per square foot per year.
Is it cheaper to lease or buy commercial space in Poplar Grove?
Buying beats leasing in Poplar Grove, IL if the property is held longer than 0.8 years, comparing $12.10/SF/Yr asking rent with $89/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Poplar Grove market data come from?
Realmo compiles Poplar Grove, IL figures from 8 recent recorded sales, 69 active sale listings, 41 active lease listings, 1,872 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 69 active for-sale and 41 active for-lease listings in Poplar Grove, 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.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 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 30 September 2026 · report a data issue
