Commercial Real Estate Market in Inverness, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
347 active listings and 5,315 off-market properties in Inverness, IL. Commercial property asks $160/SF to buy and $17.25/SF/Yr to lease.
Market Trends
Inverness, IL spans 87.1 square miles in Lake County, Illinois. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Inverness, IL runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Inverness, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Inverness, 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 Inverness, 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 95.8%
- Commercial 4.1%
Largest Zones share of zoned land by district
Inverness, IL zones 4,359 acres across 5 districts. Commercial zoning covers 4.1% of zoned land, residential 95.8%. The largest single district is Residence 1 Acre All Land Lying With Corporate Limit Not Otherwise Zoned at 92.2%. For commercial buyers the practical constraint is that only 4.1% of land carries a commercial or industrial designation.
The intent of this zone is to promote residential uses
Market overview
Demographics & Economy
Inverness, IL has 85,689 residents in 33,660 households. Density runs 984 people per square mile. Median household income here is $150,508 and median gross rent $2,029 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Palatine | $144 | $24.50 |
| Schaumburg | $240 | $15.00 |
| Buffalo Grove | $173 | $15.00 |
Commercial property in Inverness, IL asks $160/SF. The 3 bordering markets run from $144/SF in Palatine to $240/SF in Schaumburg, and the city sits below their $173/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Inverness?
How much does it cost to lease commercial space in Inverness?
How does Inverness compare to nearby markets on price?
What zoning applies to commercial property in Inverness?
Where does Realmo's Inverness market data come from?
Methodology & data sources
- Asking prices and medians
- There are 111 active for-sale and 236 active for-lease listings in Inverness, IL. The medians are based on 31 of the for-sale and 57 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: 4,359 zoned acres across 5 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
