Commercial Real Estate Market in Sherman, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 92 off-market properties in Sherman, IL.
Market Trends
Sherman, IL spans 25.9 square miles in Sangamon County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Sherman, 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 Sherman, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Sherman, 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 Sherman, 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 78.3%
- Commercial 21.3%
- Industrial 0.4%
Largest Zones share of zoned land by district
Residential Single Family Low Density
General Business District
Agricultural District
Business District Retail Shopping And Personal Services
Residential Single And Two Family Medium Density
Sherman, IL zones 1,986 acres across 8 districts. Commercial zoning covers 21.3% of zoned land, residential 78.3% and industrial 0.4%. The largest single district is Residential Single Family Low Density at 67.7%. For commercial buyers the practical constraint is that only 21.7% of land carries a commercial or industrial designation.
Residential Single Family Low Density (R-1)
This district provides for single-family dwellings, large lot development for families wishing a lower density and more open space in the neighborhood and accompanying community facilities
Market overview
Demographics & Economy
Sherman, IL has 5,469 residents in 1,981 households. Density runs 211 people per square mile. Median household income here is $142,155 and median gross rent $1,565 a month.
5,469
Population
1,981
Households
2.8
Avg Household Size
43
Median Age
47%
College-Educated
98%
High-School Grad
25.9 sq mi
ZIP Area
211
Density / Sq Mi
$142,155
Median Household Income
$68,542
Median Earnings
$1,565
Median Rent
$292,000
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Sherman?
Sherman, IL zones 1,986 acres across 8 districts, of which 21.3% is commercial and 0.4% industrial. The largest single district is Residential Single Family Low Density at 67.7% of zoned land. This district provides for single-family dwellings, large lot development for families wishing a lower density and more open space in the neighborhood and accompanying community facilities Residential zoning covers 78.3% and open space 0%.
Where does Realmo's Sherman market data come from?
Realmo compiles Sherman, IL figures from 3 recent recorded sales, 4 active sale listings, 92 tracked off-market properties, the current Sherman 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 Sherman, 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: 1,986 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
