Commercial Real Estate Market in Sheridan, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
40 active listings and 111 off-market properties in Sheridan, IL.
Market Trends
Sheridan, IL spans 59.3 square miles in LaSalle County, Illinois. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Sheridan, 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 Sheridan, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Sheridan, 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 Sheridan, 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 54.2%
- Industrial 36.6%
- Agricultural 6.2%
- Special 1.9%
- Commercial 1.2%
Largest Zones share of zoned land by district
Single Family Residential
Manufacturing
Agriculture
Lowland Conservancy
General Business
Sheridan, IL zones 1,358 acres across 8 districts. Commercial zoning covers 1.2% of zoned land, residential 54.2% and industrial 36.6%. The largest single district is Single Family Residential at 52.9%. For commercial buyers the practical constraint is that only 37.8% of land carries a commercial or industrial designation.
Single Family Residential (R-1)
District is established is order to protect public health, and promote public safety, convenience, comfort, morals, prosperity, and welfare
Market overview
Demographics & Economy
Sheridan, IL has 5,006 residents in 1,486 households. Density runs 84 people per square mile. Median household income here is $84,925 and median gross rent $888 a month.
5,006
Population
1,486
Households
3.4
Avg Household Size
39
Median Age
15%
College-Educated
82%
High-School Grad
59.3 sq mi
ZIP Area
84
Density / Sq Mi
$84,925
Median Household Income
$39,079
Median Earnings
$888
Median Rent
$247,300
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Sheridan?
Commercial property in Sheridan, IL asks an average of $19 per square foot. The 7 most recent recorded sales traded at a median of $179/SF.
What zoning applies to commercial property in Sheridan?
Sheridan, IL zones 1,358 acres across 8 districts, of which 1.2% is commercial and 36.6% industrial. The largest single district is Single Family Residential at 52.9% of zoned land. District is established is order to protect public health, and promote public safety, convenience, comfort, morals, prosperity, and welfare Residential zoning covers 54.2% and open space 0%.
Where does Realmo's Sheridan market data come from?
Realmo compiles Sheridan, IL figures from 8 recent recorded sales, 40 active sale listings, 111 tracked off-market properties, the current Sheridan zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 40 active for-sale and 0 active for-lease listings in Sheridan, 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: 1,358 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 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
