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 $64,085. Commercial real estate sale prices in Illinois have a median of $191,182. The last 24 months of sales history has seen 145,503 sales, with 60,606 sales greater than $250,000, 16,936 sales valued at over $1,000,000, and 2,877 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 $106.

Values and sold prices (last 24 months) United States Illinois
Average price/sqft $1,383 $330
Median price/sqft $117 $106
Average sold price $1,121,868 $1,480,943
Median sold price $194,933 $191,182
Number of sales 3,907,581 145,503
Number of sales over $250k 1,646,046 60,606
Number of sales over $1m 386,972 16,936
Number of sales over $10m 55,955 2,877
Average total tax amount $5,932 $8,873
Average assessed value $307,063 $64,085
Average market value $388,212 $268,852

Illinois commercial real estate property averages

The average lot size of commercial real estate properties in Illinois is 10,458 sf. This is 80% below the United States average.

Property averages United States Illinois
Average lot size 816,877 sf 381,325 sf
Median lot size 24,485 sf 10,458 sf
Average building area 1,138 sf 196 sf
Median building area 75 sf 82 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 2,470,213 commercial real estate properties in Illinois. This is 183% below the United States average. The total acerage is 12,021,714 acres and the aggregate building area for commercial real estate properties in Illinois is 58,743,651 sf.

Supply United States Illinois
Number of parcels 57,794,383 2,470,213
Aggregate lot acerage 958,727,945 12,021,714
Aggregate building area 8,137,453,512 sf 58,743,651 sf
Aggregate units 87,698,106 2,400,296

Illinois commercial real estate industrial mortgages

There are 3,225,026 mortgages for commercial real estate properties across Illinois in the Reonomy database. The average value of those mortgages is $5,599,763. This is 7% above the United States average.

Debt United States Illinois
Number of mortgages 40,416,466 3,225,026
Average value of mortgages $5,210,072 $5,599,763

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