Your complete guide to business transactions in this growing McHenry County village. Market insights, local regulations, and expert resources.
Lake in the Hills is a growing village in McHenry County, located in the far northwestern suburbs of Chicago. With approximately 29,000 residents and a family-oriented community, Lake in the Hills offers business opportunities in a rapidly developing area with strong residential growth.
The village features commercial development along Randall Road, one of the region's major retail corridors. The economy includes retail, restaurants, healthcare services, and professional services. Lake in the Hills Airport provides unique opportunities for aviation-related businesses. The community's growth has attracted new commercial development and business opportunities.
| Metric | Value |
|---|---|
| Population | 29,000 |
| Total Businesses | 1,200+ |
| Average Business Sale Price | $275,000 |
| Median Time to Sell | 8 months |
| Top Industries | Retail, Restaurants, Healthcare, Professional Services, Home Services |
| Region | McHenry County / Far Northwest Suburbs |
Lake in the Hills' growing population and commercial development create opportunities for business sellers. Here's what you need to know about selling in the Lake in the Hills market:
Lake in the Hills offers business opportunities in a growing suburban market. Here's what buyers should know:
Randall Road retail and shopping centers.
Family dining and casual restaurants.
Medical and dental practices.
Accounting, legal, and business services.
Landscaping, cleaning, and home improvement.
Gyms, studios, and wellness centers.
Lake in the Hills offers a growing population, family-oriented demographics, the Randall Road retail corridor, and more affordable entry costs than closer-in suburbs. The community's growth creates opportunities for businesses serving families.
Randall Road is a major retail corridor that draws customers from throughout McHenry County. Businesses along this corridor benefit from high traffic and visibility. However, competition can be intense, and lease rates are higher than other areas.
Family-oriented services, restaurants, healthcare, home services, and fitness businesses are in demand. Businesses that serve the needs of growing families tend to perform well in this market.
Yes, SBA loans are available through McHenry County lenders. Local community banks often provide competitive terms. Seller financing is also common for qualified buyers.
Get expert guidance for your Lake in the Hills business transaction.