Wheatfield had its start in the early 1880s by the building of the railroad through that territory.

[6] According to the 2010 census, Wheatfield has a total area of 0.56 square miles (1.45 km2), all land.

There were 353 housing units at an average density of 630.4 per square mile (243.4/km2).

25.8% of all households were made up of individuals, and 9.9% had someone living alone who was 65 years of age or older.

There were 289 housing units at an average density of 523.5 per square mile (202.1/km2).

24.3% of all households were made up of individuals, and 8.2% had someone living alone who was 65 years of age or older.

The Kanakee Valley School Corporation serves Wheatfield.