Commercial Real Estate Market in Sparta, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
14 active listings and 284 off-market properties in Sparta, IL.
Market Trends
Sparta, IL spans 100.0 square miles in Randolph County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Sparta, 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 Sparta, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Sparta, 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 Sparta, 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
- Industrial 39%
- Residential 13.7%
- Agricultural 12.4%
- Special 6%
- Commercial 4.8%
Largest Zones share of zoned land by district
Light Industrial
Special Use
Agricultural
Multifamily Dwelling
Highway Business
Special Use (SU)
The intent of this zone is to promote special use uses
Market overview
Demographics & Economy
Sparta, IL has 5,719 residents in 2,695 households. Density runs 57 people per square mile. Median household income here is $64,118 and median gross rent $723 a month.
5,719
Population
2,695
Households
2.1
Avg Household Size
45
Median Age
19%
College-Educated
95%
High-School Grad
100 sq mi
ZIP Area
57
Density / Sq Mi
$64,118
Median Household Income
$35,750
Median Earnings
$723
Median Rent
$148,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Eden | — | — |
| Houston | — | — |
| Tilden | — | — |
| Baldwin | — | — |
Commercial property in Sparta, IL asks $3,692,500/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Sparta?
Commercial property in Sparta, IL asks an average of $3,692,500 per square foot.
Where does Realmo's Sparta market data come from?
Realmo compiles Sparta, IL figures from 7 recent recorded sales, 14 active sale listings, 284 tracked off-market properties, the current Sparta zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 14 active for-sale and 0 active for-lease listings in Sparta, 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: 7,495 zoned acres across 13 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
