Commercial Real Estate Market in Lake in the Hills, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
21 active listings and 388 off-market properties in Lake in the Hills, IL. Commercial property asks $18/SF to buy and $12.75/SF/Yr to lease.
Market Trends
Lake in the Hills, IL spans 26.4 square miles in McHenry County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lake in the Hills, 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 Lake in the Hills, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Lake in the Hills, 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 Lake in the Hills, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Lake in the Hills, 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.
60,941
Population
22,226
Households
2.7
Avg Household Size
40
Median Age
40%
College-Educated
95%
High-School Grad
26.4 sq mi
ZIP Area
2,311
Density / Sq Mi
$121,137
Median Household Income
$57,052
Median Earnings
$1,735
Median Rent
$309,091
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Algonquin | — | $13.00 |
| Trout Valley | — | — |
| Cary | — | — |
| Huntley | — | $12.94 |
Commercial property in Lake in the Hills, IL asks $18/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lake in the Hills?
Commercial property in Lake in the Hills, IL asks an average of $18 per square foot.
How much does it cost to lease commercial space in Lake in the Hills?
Asking lease rates in Lake in the Hills, IL average $12.75 per square foot per year.
Where does Realmo's Lake in the Hills market data come from?
Realmo compiles Lake in the Hills, IL figures from 6 recent recorded sales, 10 active sale listings, 11 active lease listings, 388 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 10 active for-sale and 11 active for-lease listings in Lake in the Hills, 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
