Commercial Real Estate Market in Algonquin, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
49 active listings and 650 off-market properties in Algonquin, IL. Commercial property asks $165/SF to buy (based on 7 listings) and $12.00/SF/Yr to lease (based on 5 listings).
Market Trends
Algonquin, IL spans 26.4 square miles in McHenry County, Illinois. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Algonquin, IL has a median asking sale price of $158/SF (based on 4 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Algonquin, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Algonquin, 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%.
Multifamily
Multifamily vacancy in Algonquin, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 74.5%
- Commercial 13.1%
- Industrial 12.3%
- Civic 0.2%
Largest Zones share of zoned land by district
Algonquin, IL zones 8,093 acres across 14 districts. Commercial zoning covers 13.1% of zoned land, residential 74.5% and industrial 12.3%. The largest single district is One Family Dwelling Minimum 10000 Square Feet at 36.5%. For commercial buyers the practical constraint is that only 25.3% of land carries a commercial or industrial designation.
The intent of this zone is to promote residential uses
Market overview
Demographics & Economy
Algonquin, IL has 60,941 residents in 22,226 households. Density runs 2,311 people per square mile. Median household income here is $121,137 and median gross rent $1,735 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Huntley | $32 | $13.25 |
| Crystal Lake | $119 | $15.00 |
Commercial property in Algonquin, IL asks $165/SF. The 2 bordering markets run from $32/SF in Huntley to $119/SF in Crystal Lake, and the city sits above their $75/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Algonquin?
How much does it cost to lease commercial space in Algonquin?
How does Algonquin compare to nearby markets on price?
What zoning applies to commercial property in Algonquin?
Where does Realmo's Algonquin market data come from?
Methodology & data sources
- Asking prices and medians
- There are 30 active for-sale and 19 active for-lease listings in Algonquin, IL. The medians are based on 7 of the for-sale and 5 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 8,093 zoned acres across 14 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
