Commercial Real Estate Market in Riverwoods, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 67 off-market properties in Riverwoods, IL.
Market Trends
Riverwoods, IL spans 13.6 square miles in Lake County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Riverwoods, 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 Riverwoods, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Riverwoods, 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 Riverwoods, 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 78.2%
- Open space 7.4%
- Commercial 7.3%
- Planned_development 6.1%
Largest Zones share of zoned land by district
Single Family Residential 80000 Square Feet
Single Family Residential 42000 Square Feet
Country Club Residential
Country Club Residential
Wildlife Preserve And Private Park
Riverwoods, IL zones 2,527 acres across 15 districts. Commercial zoning covers 7.3% of zoned land, residential 78.2% and open space 7.4%. The largest single district is Single Family Residential 80000 Square Feet at 30.2%. For commercial buyers the practical constraint is that only 7.3% of land carries a commercial or industrial designation.
Single Family Residential 80000 Square Feet (R-2)
The purpose of this district is to promote single family residential uses
Market overview
Demographics & Economy
Riverwoods, IL has 28,013 residents in 10,657 households. Density runs 2,055 people per square mile. Median household income here is $186,786 and median gross rent $2,284 a month.
28,013
Population
10,657
Households
2.6
Avg Household Size
43
Median Age
80%
College-Educated
98%
High-School Grad
13.6 sq mi
ZIP Area
2,055
Density / Sq Mi
$186,786
Median Household Income
$82,970
Median Earnings
$2,284
Median Rent
$602,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lincolnshire | — | $17.00 |
| Bannockburn | — | — |
| Half Day | — | — |
| Deerfield | — | $23.06 |
Frequently Asked Questions
What zoning applies to commercial property in Riverwoods?
Riverwoods, IL zones 2,527 acres across 15 districts, of which 7.3% is commercial and 0% industrial. The largest single district is Single Family Residential 80000 Square Feet at 30.2% of zoned land. The purpose of this district is to promote single family residential uses Residential zoning covers 78.2% and open space 7.4%.
Where does Realmo's Riverwoods market data come from?
Realmo compiles Riverwoods, IL figures from 4 recent recorded sales, 2 active sale listings, 1 active lease listings, 67 tracked off-market properties, the current Riverwoods zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 1 active for-lease listings in Riverwoods, 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: 2,527 zoned acres across 15 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
