Commercial Real Estate Market in Crystal Lake, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
144 active listings and 1,640 off-market properties in Crystal Lake, IL. Commercial property asks $281/SF to buy and $15.25/SF/Yr to lease.
Market Trends
Crystal Lake, IL spans 42.4 square miles in McHenry County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Crystal Lake, 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 Crystal Lake, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Crystal Lake, 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 Crystal Lake, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Crystal Lake, IL has 59,191 residents in 22,491 households. Density runs 1,396 people per square mile. Median household income here is $112,531 and median gross rent $1,564 a month.
59,191
Population
22,491
Households
2.6
Avg Household Size
41
Median Age
44%
College-Educated
95%
High-School Grad
42.4 sq mi
ZIP Area
1,396
Density / Sq Mi
$112,531
Median Household Income
$52,994
Median Earnings
$1,564
Median Rent
$314,726
Median Home Value
Tools
Lease vs Buy Breakeven
At $15.25/SF/Yr lease vs $281/SF buy → buying wins if held > 7.5 years.
At a 5.4% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ridgefield | — | — |
| Prairie Grove | — | — |
| Bull Valley | — | — |
| Oakwood Hills | — | — |
Commercial property in Crystal Lake, IL asks $281/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Crystal Lake?
Commercial property in Crystal Lake, IL asks an average of $281 per square foot. The 7 most recent recorded sales traded at a median of $145/SF, so asking sits 94% above the achieved median.
How much does it cost to lease commercial space in Crystal Lake?
Asking lease rates in Crystal Lake, IL average $15.25 per square foot per year.
Is it cheaper to lease or buy commercial space in Crystal Lake?
Buying beats leasing in Crystal Lake, IL if the property is held longer than 7.5 years, comparing $15.25/SF/Yr asking rent with $281/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Crystal Lake market data come from?
Realmo compiles Crystal Lake, IL figures from 8 recent recorded sales, 81 active sale listings, 63 active lease listings, 1,640 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 81 active for-sale and 63 active for-lease listings in Crystal Lake, 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.
- 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
