Commercial Real Estate Market in Harvard, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
19 active listings and 489 off-market properties in Harvard, IL.
Market Trends
Harvard, IL spans 117.5 square miles in McHenry County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Harvard, 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 Harvard, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Harvard, 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 Harvard, 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 57.7%
- Agricultural 16.1%
- Commercial 13%
- Industrial 6.1%
- Mixed use 0.9%
Largest Zones share of zoned land by district
Residential District
Agricultural District
Large Lot Residential District
General Business District
Technology Campus District
Harvard, IL zones 5,339 acres across 14 districts. Commercial zoning covers 13% of zoned land, residential 57.7% and industrial 6.1%. The largest single district is Residential District at 28.9%. For commercial buyers the practical constraint is that only 19.2% of land carries a commercial or industrial designation.
Residential District (R-2)
C. R-2 Residential District The R-2 Residential District is intended to accommodate single-family use and development on Harvard’s established standard lot size of 8,712 square feet.
Market overview
Demographics & Economy
Harvard, IL has 13,581 residents in 5,279 households. Density runs 116 people per square mile. Median household income here is $72,298 and median gross rent $1,192 a month.
13,581
Population
5,279
Households
2.6
Avg Household Size
36
Median Age
21%
College-Educated
86%
High-School Grad
117.5 sq mi
ZIP Area
116
Density / Sq Mi
$72,298
Median Household Income
$37,685
Median Earnings
$1,192
Median Rent
$198,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Alden | — | — |
| Chemung | — | — |
| Capron | — | — |
| Walworth | — | — |
Commercial property in Harvard, IL asks $46/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Harvard?
Commercial property in Harvard, IL asks an average of $46 per square foot.
What zoning applies to commercial property in Harvard?
Harvard, IL zones 5,339 acres across 14 districts, of which 13% is commercial and 6.1% industrial. The largest single district is Residential District at 28.9% of zoned land. C. R-2 Residential District The R-2 Residential District is intended to accommodate single-family use and development on Harvard’s established standard lot size of 8,712 square feet. Residential zoning covers 57.7% and open space 0%.
Where does Realmo's Harvard market data come from?
Realmo compiles Harvard, IL figures from 7 recent recorded sales, 19 active sale listings, 489 tracked off-market properties, the current Harvard zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 19 active for-sale and 0 active for-lease listings in Harvard, 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: 5,339 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 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
