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.
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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.
Illinois commercial real estate sold prices and values
The average assessed value of commercial real estate properties in Illinois is $60,432. Commercial real estate sale prices in Illinois have a median of $212,647. The last 24 months of sales history has seen 83,112 sales, with 38,159 sales greater than $250,000, 12,264 sales valued at over $1,000,000, and 1,867 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 $85.
|Values and sold prices (last 24 months)||United States||Illinois|
|Average sold price||$1,191,151||$1,362,880|
|Median sold price||$192,684||$212,647|
|Number of sales||2,516,453||83,112|
|Number of sales over $250k||1,067,354||38,159|
|Number of sales over $1m||275,406||12,264|
|Number of sales over $10m||40,988||1,867|
|Average total tax amount||$6,485||$10,185|
|Average assessed value||$294,422||$60,432|
|Average market value||$346,235||$235,331|
Illinois commercial real estate property averages
The average lot size of commercial real estate properties in Illinois is 10,520 sf. This is 83% below the United States average.
|Property averages||United States||Illinois|
|Average lot size||837,108 sf||461,664 sf|
|Median lot size||25,566 sf||10,520 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 10,869,216 acres and the aggregate building area for commercial real estate properties in Illinois is 41,379,956 sf.
|Number of parcels||51,649,673||2,067,412|
|Aggregate lot acerage||684,153,710||10,869,216|
|Aggregate building area||7,014,526,346 sf||41,379,956 sf|
Illinois commercial real estate industrial mortgages
There are 1,250,494 mortgages for commercial real estate properties across Illinois in the Reonomy database. The average value of those mortgages is $10,630,055. This is 19% above the United States average.
|Number of mortgages||16,067,726||1,250,494|
|Average value of mortgages||$8,736,966||$10,630,055|