Commercial Real Estate Market in Mettawa, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 38 off-market properties in Mettawa, IL.
Market Trends
Mettawa, IL spans 49.7 square miles in Lake County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Mettawa, 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 Mettawa, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Mettawa, 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 Mettawa, 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 50.5%
- Open space 41.5%
- Commercial 7.1%
- Planned_development 1%
Largest Zones share of zoned land by district
Single Family Residence District
Open Space District
Office And Hotel District
Single Family Residence District
Planned Office And Research District
Mettawa, IL zones 3,554 acres across 5 districts. Commercial zoning covers 7.1% of zoned land, residential 50.5% and open space 41.5%. The largest single district is Single Family Residence District at 48.1%. For commercial buyers the practical constraint is that only 7.1% of land carries a commercial or industrial designation.
Office And Hotel District (H)
The H Office/Hotel District, is intended for office uses and limited business service uses to be developed and maintained within a park-like setting in locations which abut or are adjacent to heavily traveled, multi-laned major roadways
Market overview
Demographics & Economy
Mettawa, IL has 50,379 residents in 18,765 households. Density runs 1,013 people per square mile. Median household income here is $192,767 and median gross rent $1,883 a month.
50,379
Population
18,765
Households
2.7
Avg Household Size
45
Median Age
75%
College-Educated
98%
High-School Grad
49.7 sq mi
ZIP Area
1,013
Density / Sq Mi
$192,767
Median Household Income
$81,407
Median Earnings
$1,883
Median Rent
$687,059
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Half Day | — | — |
| Indian Creek | — | — |
| Vernon Hills | — | $17.13 |
| Lincolnshire | — | $17.00 |
Frequently Asked Questions
What zoning applies to commercial property in Mettawa?
Mettawa, IL zones 3,554 acres across 5 districts, of which 7.1% is commercial and 0% industrial. The largest single district is Single Family Residence District at 48.1% of zoned land. Residential zoning covers 50.5% and open space 41.5%.
Where does Realmo's Mettawa market data come from?
Realmo compiles Mettawa, IL figures from 4 active sale listings, 38 tracked off-market properties, the current Mettawa zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 0 active for-lease listings in Mettawa, 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: 3,554 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 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
