Commercial Real Estate Market in Sparland, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 31 off-market properties in Sparland, IL.
Market Trends
Sparland, IL spans 65.5 square miles in Marshall County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Sparland, 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 Sparland, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Sparland, 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 Sparland, 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 97.3%
- Commercial 2.8%
Largest Zones share of zoned land by district
Single Family Residence District
Commercial District
Sparland, IL zones 358 acres across 2 districts. Commercial zoning covers 2.8% of zoned land, residential 97.3%. The largest single district is Single Family Residence District at 97.3%. For commercial buyers the practical constraint is that only 2.8% of land carries a commercial or industrial designation.
Single Family Residence District (R-2)
The R-2 District is established to provide low-density areas in which the principal use of land is for single-family dwellings. In this District public or private water supply and sewer facilities, essential to public health should be available
Market overview
Demographics & Economy
Sparland, IL has 1,409 residents in 638 households. Density runs 22 people per square mile. Median household income here is $76,736 and median gross rent $660 a month.
1,409
Population
638
Households
2.2
Avg Household Size
47
Median Age
22%
College-Educated
93%
High-School Grad
65.5 sq mi
ZIP Area
22
Density / Sq Mi
$76,736
Median Household Income
$43,750
Median Earnings
$660
Median Rent
$161,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lacon | — | — |
| Hopewell | — | — |
| Saratoga Center | — | — |
| Henry | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Sparland?
Sparland, IL zones 358 acres across 2 districts, of which 2.8% is commercial and 0% industrial. The largest single district is Single Family Residence District at 97.3% of zoned land. The R-2 District is established to provide low-density areas in which the principal use of land is for single-family dwellings. In this District public or private water supply and sewer facilities, essential to public health should be available Residential zoning covers 97.3% and open space 0%.
Where does Realmo's Sparland market data come from?
Realmo compiles Sparland, IL figures from 3 active sale listings, 31 tracked off-market properties, the current Sparland zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 0 active for-lease listings in Sparland, 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: 358 zoned acres across 2 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
