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 $64,065. Commercial real estate sale prices in Illinois have a median of $189,608. The last 24 months of sales history has seen 138,679 sales, with 57,466 sales greater than $250,000, 16,398 sales valued at over $1,000,000, and 2,843 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 $105.

Values and sold prices (last 24 months) United States Illinois
Average price/sqft $1,429 $328
Median price/sqft $115 $105
Average sold price $1,175,028 $1,495,239
Median sold price $192,662 $189,608
Number of sales 3,653,861 138,679
Number of sales over $250k 1,530,048 57,466
Number of sales over $1m 369,680 16,398
Number of sales over $10m 55,427 2,843
Average total tax amount $5,912 $8,914
Average assessed value $302,534 $64,065
Average market value $377,431 $272,532

Illinois commercial real estate property averages

The average lot size of commercial real estate properties in Illinois is 10,418 sf. This is 81% below the United States average.

Property averages United States Illinois
Average lot size 818,966 sf 379,359 sf
Median lot size 24,701 sf 10,418 sf
Average building area 1,170 sf 195 sf
Median building area 73 sf 81 sf
Median year built 1970 1959
Average number of units 16 9
Median number of units 2 2

Illinois commercial real estate total supply

There are 2,456,673 commercial real estate properties in Illinois. This is 183% below the United States average. The total acerage is 11,835,035 acres and the aggregate building area for commercial real estate properties in Illinois is 58,160,444 sf.

Supply United States Illinois
Number of parcels 57,284,908 2,456,673
Aggregate lot acerage 883,661,852 11,835,035
Aggregate building area 8,074,578,464 sf 58,160,444 sf
Aggregate units 87,963,611 2,394,329

Illinois commercial real estate industrial mortgages

There are 3,179,390 mortgages for commercial real estate properties across Illinois in the Reonomy database. The average value of those mortgages is $5,580,890. This is 6% above the United States average.

Debt United States Illinois
Number of mortgages 39,329,028 3,179,390
Average value of mortgages $5,222,868 $5,580,890

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