Commercial real estate in Illinois

Search commercial real estate records in Illinois to find the property data you need. Reonomy provides the most comprehensive commercial real estate information available through the aggregation of commercial property records and data. Search through Illinois commercial property sales records, owner records and tax records. Signup for a free trial to uncover more information and search by filters including sales history, debt and owner.

Popular searches around Illinois

Reonomy operates the most comprehensive database for Illinois Commercial Real Estate and other commercial real estate assets across the U.S. Reonomy includes over 47 million commercial real estate properties, each property features sales, debt, tax and ownership data. Reonomy attracts a large community of Illinois commercial real estate professionals. Members from Illinois include brokers, investors and service providers, many of whom specialize in Illinois Commercial Real Estate.

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Illinois commercial real estate sold prices and values

The average assessed value of commercial real estate properties in Illinois is $60,425. Commercial real estate sale prices in Illinois have a median of $213,786. The last 24 months of sales history has seen 91,544 sales, with 42,161 sales greater than $250,000, 13,551 sales valued at over $1,000,000, and 2,120 sales valued at over $10,000,000. The average price per square foot of commercial real estate properties in Illinois over the last 24 months is $84.

Values and sold prices (last 24 months) United States Illinois
Average price/sqft $1,504 $306
Median price/sqft $101 $84
Average sold price $1,208,179 $1,434,570
Median sold price $192,330 $213,786
Number of sales 2,773,382 91,544
Number of sales over $250k 1,175,770 42,161
Number of sales over $1m 307,158 13,551
Number of sales over $10m 46,620 2,120
Average total tax amount $6,485 $10,185
Average assessed value $294,398 $60,425
Average market value $346,187 $235,307

Illinois commercial real estate property averages

The average lot size of commercial real estate properties in Illinois is 10,518 sf. This is 83% below the United States average.

Property averages United States Illinois
Average lot size 837,124 sf 461,621 sf
Median lot size 25,573 sf 10,518 sf
Average building area 1,314 sf 223 sf
Median building area 60 sf 61 sf
Median year built 1964 1938
Average number of units 21 13
Median number of units 2 3

Illinois commercial real estate total supply

There are 2,067,412 commercial real estate properties in Illinois. This is 184% below the United States average. The total acerage is 10,870,041 acres and the aggregate building area for commercial real estate properties in Illinois is 41,380,632 sf.

Supply United States Illinois
Number of parcels 51,649,673 2,067,412
Aggregate lot acerage 684,372,739 10,870,041
Aggregate building area 7,014,559,228 sf 41,380,632 sf
Aggregate units 92,533,415 3,124,144

Illinois commercial real estate industrial mortgages

There are 1,250,590 mortgages for commercial real estate properties across Illinois in the Reonomy database. The average value of those mortgages is $10,629,242. This is 19% above the United States average.

Debt United States Illinois
Number of mortgages 16,069,979 1,250,590
Average value of mortgages $8,736,706 $10,629,242

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