Commercial Real Estate Market in Cary, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
31 active listings and 420 off-market properties in Cary, IL. Commercial property asks $123/SF to buy and $13.50/SF/Yr to lease.
Market Trends
Cary, IL spans 14.5 square miles in McHenry County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Cary, 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 Cary, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Cary, 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 Cary, 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 53.2%
- Open space 19.1%
- Planned_development 10.6%
- Industrial 9.9%
- Commercial 7.3%
Largest Zones share of zoned land by district
Single Family Residential District
Park And Open Space District
Limited Manufacturing District
Single Family Residential District
Single Family Residential District Planned Development
Cary, IL zones 4,221 acres across 15 districts. Commercial zoning covers 7.3% of zoned land, residential 53.2%, open space 19.1% and industrial 9.9%. The largest single district is Single Family Residential District at 32.7%. For commercial buyers the practical constraint is that only 17.2% of land carries a commercial or industrial designation.
Single Family Residential District (R2)
Single-family residential districts (E1, R1, R2, R2A). The single-family residential districts are designed to accommodate single-family detached residential uses, other than mobile homes, on lots or parcels having different dimensional requirements. These districts may also accommodate some institutional uses which directly serve the single-family residenti…
Market overview
Demographics & Economy
Cary, IL has 26,144 residents in 9,906 households. Density runs 1,808 people per square mile. Median household income here is $115,833 and median gross rent $1,489 a month.
26,144
Population
9,906
Households
2.6
Avg Household Size
41
Median Age
44%
College-Educated
96%
High-School Grad
14.5 sq mi
ZIP Area
1,808
Density / Sq Mi
$115,833
Median Household Income
$52,193
Median Earnings
$1,489
Median Rent
$291,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Trout Valley | — | — |
| Fox River Grove | — | — |
| Oakwood Hills | — | — |
| Port Barrington | — | — |
Commercial property in Cary, IL asks $123/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Cary?
Commercial property in Cary, IL asks an average of $123 per square foot. The 4 most recent recorded sales traded at a median of $149/SF.
How much does it cost to lease commercial space in Cary?
Asking lease rates in Cary, IL average $13.50 per square foot per year.
What zoning applies to commercial property in Cary?
Cary, IL zones 4,221 acres across 15 districts, of which 7.3% is commercial and 9.9% industrial. The largest single district is Single Family Residential District at 32.7% of zoned land. Single-family residential districts (E1, R1, R2, R2A). The single-family residential districts are designed to accommodate single-family detached residential uses, other than mobile homes, on lots or parcels having different dimensional requirements. These districts may also accommodate some institutional uses which directly serve the single-family residenti… Residential zoning covers 53.2% and open space 19.1%.
Where does Realmo's Cary market data come from?
Realmo compiles Cary, IL figures from 5 recent recorded sales, 21 active sale listings, 10 active lease listings, 420 tracked off-market properties, the current Cary zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 21 active for-sale and 10 active for-lease listings in Cary, 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: 4,221 zoned acres across 15 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
