Commercial Real Estate Market in Richmond, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
30 active listings and 231 off-market properties in Richmond, IL.
Market Trends
Richmond, IL spans 24.8 square miles in McHenry County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Richmond, 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 Richmond, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Richmond, 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 Richmond, 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 64.1%
- Industrial 17.6%
- Civic 11.8%
- Open space 3%
- Planned_development 2.3%
- Agricultural 0.6%
Largest Zones share of zoned land by district
Planned Suburban Residential
Single Family Residential
General Business
Commercial Office Research Industrial
Industrial
Richmond, IL zones 2,768 acres across 13 districts. The largest single district is Planned Suburban Residential at 36%. For commercial buyers the practical constraint is that only 17.6% of land carries a commercial or industrial designation.
Planned Suburban Residential (PSR)
Village Board. The map symbol and short name for this district shall be "PSR District." P. COMMERCIAL, OFFICE, RESEARCH, INDUSTRIAL DISTRICT. The Commercial, Office, Research, Industrial District established to provide locations and standards to maintain areas for development of a variet y of office, research and light industrial uses, together with commerci…
Market overview
Demographics & Economy
Richmond, IL has 3,891 residents in 2,161 households. Density runs 157 people per square mile. Median household income here is $77,593 and median gross rent $1,189 a month.
3,891
Population
2,161
Households
1.8
Avg Household Size
44
Median Age
28%
College-Educated
97%
High-School Grad
24.8 sq mi
ZIP Area
157
Density / Sq Mi
$77,593
Median Household Income
$43,164
Median Earnings
$1,189
Median Rent
$289,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Solon Mills | — | — |
| Spring Grove | — | — |
| Twin Lakes | — | — |
| Genoa City | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Richmond?
Richmond, IL zones 2,768 acres across 13 districts, of which 0% is commercial and 17.6% industrial. The largest single district is Planned Suburban Residential at 36% of zoned land. Village Board. The map symbol and short name for this district shall be "PSR District." P. COMMERCIAL, OFFICE, RESEARCH, INDUSTRIAL DISTRICT. The Commercial, Office, Research, Industrial District established to provide locations and standards to maintain areas for development of a variet y of office, research and light industrial uses, together with commerci… Residential zoning covers 64.1% and open space 3%.
Where does Realmo's Richmond market data come from?
Realmo compiles Richmond, IL figures from 6 recent recorded sales, 28 active sale listings, 2 active lease listings, 231 tracked off-market properties, the current Richmond zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 28 active for-sale and 2 active for-lease listings in Richmond, 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: 2,768 zoned acres across 13 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
