Commercial Real Estate Market in Sandoval, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 78 off-market properties in Sandoval, IL.
Market Trends
Sandoval, IL spans 31.5 square miles in Marion County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Sandoval, 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 Sandoval, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Sandoval, 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 Sandoval, 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 70.7%
- Commercial 19.7%
- Industrial 9.6%
Largest Zones share of zoned land by district
Single Family Residence Small
Single Family Residence Large
Highway Business
Industrial
Mobile Housing
Sandoval, IL zones 568 acres across 7 districts. Commercial zoning covers 19.7% of zoned land, residential 70.7% and industrial 9.6%. The largest single district is Single Family Residence Small at 45.7%. For commercial buyers the practical constraint is that only 29.3% of land carries a commercial or industrial designation.
Single Family Residence Small (SR-2)
I, the entire Municipality is hereby divided into the following zoning districts: DISTRICT DESIGNATION MINIMUM AREA* Agricultural A-1 3 acres Single Family Residence (Large) SR-1 5 acres Single Family Residence (Small) SR-2 5 acres Multi-Family Residence MR-1 5 acres Mobile Housing MH-1 3 acres Central Business B-1 2 acres Highway Business B-2 3 acres Indust…
Market overview
Demographics & Economy
Sandoval, IL has 2,215 residents in 986 households. Density runs 70 people per square mile. Median household income here is $53,067 and median gross rent $652 a month.
2,215
Population
986
Households
2.2
Avg Household Size
39
Median Age
8%
College-Educated
77%
High-School Grad
31.5 sq mi
ZIP Area
70
Density / Sq Mi
$53,067
Median Household Income
$30,982
Median Earnings
$652
Median Rent
$85,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Junction City | — | — |
| Odin | — | — |
| Shattuc | — | — |
| Fairman | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Sandoval?
Sandoval, IL zones 568 acres across 7 districts, of which 19.7% is commercial and 9.6% industrial. The largest single district is Single Family Residence Small at 45.7% of zoned land. I, the entire Municipality is hereby divided into the following zoning districts: DISTRICT DESIGNATION MINIMUM AREA* Agricultural A-1 3 acres Single Family Residence (Large) SR-1 5 acres Single Family Residence (Small) SR-2 5 acres Multi-Family Residence MR-1 5 acres Mobile Housing MH-1 3 acres Central Business B-1 2 acres Highway Business B-2 3 acres Indust… Residential zoning covers 70.7% and open space 0%.
Where does Realmo's Sandoval market data come from?
Realmo compiles Sandoval, IL figures from 8 recent recorded sales, 1 active sale listings, 1 active lease listings, 78 tracked off-market properties, the current Sandoval zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 1 active for-lease listings in Sandoval, 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: 568 zoned acres across 7 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
