Village of Lake in the Hills
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Target Area Flyers
Retail
The Village has categorized high-priority development sites into targeted market areas for economic development efforts since 2012. Today, there are five retail target areas that are described in greater detail in the marketing flyers linked below. The Retail and Development Profile gives a high-level overview of these areas, including an up-to-date retail gap analysis for 1-mile and 3-mile distance bands for each market area.
Market Area 1IL Route 47 and Ackman Road |
Market Area 2Ackman Road and Swanson Road |
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Market Area 3Algonquin Road & Lakewood Road |
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Market Area 4North Randall Road |
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Market Area 5Pyott Road and East Oak Street |
Industrial & Corporate Headquarters
Did you know McHenry County is home to aerospace, plastics, chemical, medical device, and agricultural industry clusters? Learn more about industrial and corporate office opportunities by contacting us!
2015 Retail Study by Melaniphy & Associates, Inc.
In July 2015, retail experts at Melaniphy & Associates, Inc. completed a retail market feasibility analysis of three sites at the intersection of Route 31 and Rakow Road. Much of the information presented in this study, and the conclusions made, are still relevant today. The most impactful findings include the determination that certain retail categories are supported along the corridor, including:
- Automotive and Gasoline Filling Stations
- General Merchandise
- Food
- Eating and Drinking Establishments
- Furniture
- Drug Stores
- Miscellaneous Retail
2014 Hotel Study by HMI, Inc.
Hospitality experts at Hospitality Marketers International Inc. (HMI) completed a hospitality market study for the Village of Lake in the Hills in late 2014. The study investigated the market potential of hotels on three sites located within the Village. Recommendations included the siting of 60-room, mid-priced and limited-service hotel within Lake in the Hills.