Commercial Real Estate in Chicago
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Reonomy attracts a large community of Chicago commercial real estate professionals, including brokers, investors, roofers, contractors, appraisers, insurance providers, and more—many of which specialize in commercial properties.
Chicago commercial real estate sold prices and values
|Values and sold prices (last 24 months)||United States||Colorado||Chicago|
|Average sold price||$1,044,280||$1,323,150||--|
|Median sold price||$197,180||$396,658||--|
|Number of sales||3,896,619||94,882||--|
|Number of sales over $250k||1,652,112||65,000||--|
|Number of sales over $1m||376,992||15,217||--|
|Number of sales over $10m||51,617||1,895||--|
|Average total tax amount||$9,270||$6,486||$56|
|Average assessed value||$316,887||$83,510||$840|
|Average market value||$436,999||$398,814||$2,900|
Chicago commercial real estate property averages
|Property averages||United States||Colorado||Chicago|
|Average lot size||816,557 sf||1,643,697 sf||10,454 sf|
|Median lot size||24,453 sf||42,496 sf||10,454 sf|
|Average building area||1,077 sf||4,615 sf||--|
|Median building area||77 sf||137 sf||--|
|Median year built||1970||1981||--|
|Average number of units||16||15||--|
|Median number of units||2||2||--|
Chicago commercial real estate total supply
|Number of parcels||58,466,290||883,400||--|
|Aggregate lot acerage||1,006,458,749||24,406,972||--|
|Aggregate building area||8,055,392,605 sf||645,450,610 sf||--|
Chicago commercial real estate industrial mortgages
|Number of mortgages||41,928,927||709,282||--|
|Average value of mortgages||$5,197,766||$8,620,266||--|