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 $59,426. Commercial real estate sale prices in Illinois have a median of $207,182. The last 24 months of sales history has seen 96,955 sales, with 44,025 sales greater than $250,000, 14,281 sales valued at over $1,000,000, and 2,212 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 $1,569 $298
Median price/sqft $101 $84
Average sold price $1,215,213 $1,460,186
Median sold price $186,304 $207,182
Number of sales 2,886,754 96,955
Number of sales over $250k 1,202,594 44,025
Number of sales over $1m 323,569 14,281
Number of sales over $10m 49,909 2,212
Average total tax amount $6,520 $10,268
Average assessed value $288,098 $59,426
Average market value $329,971 $231,445

Illinois commercial real estate property averages

The average lot size of commercial real estate properties in Illinois is 10,429 sf. This is 84% below the United States average.

Property averages United States Illinois
Average lot size 841,144 sf 460,207 sf
Median lot size 25,552 sf 10,429 sf
Average building area 1,521 sf 214 sf
Median building area 59 sf 60 sf
Median year built 1964 1936
Average number of units 20 13
Median number of units 2 3

Illinois commercial real estate total supply

There are 2,048,837 commercial real estate properties in Illinois. This is 184% below the United States average. The total acerage is 10,681,860 acres and the aggregate building area for commercial real estate properties in Illinois is 39,417,216 sf.

Supply United States Illinois
Number of parcels 51,092,560 2,048,837
Aggregate lot acerage 616,568,166 10,681,860
Aggregate building area 7,966,355,086 sf 39,417,216 sf
Aggregate units 90,620,061 3,121,244

Illinois commercial real estate industrial mortgages

There are 1,240,902 mortgages for commercial real estate properties across Illinois in the Reonomy database. The average value of those mortgages is $10,611,418. This is 19% above the United States average.

Debt United States Illinois
Number of mortgages 15,805,722 1,240,902
Average value of mortgages $8,744,434 $10,611,418

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