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 $60,916. Commercial real estate sale prices in Illinois have a median of $189,120. The last 24 months of sales history has seen 94,315 sales, with 40,833 sales greater than $250,000, 12,819 sales valued at over $1,000,000, and 1,984 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 $77.

Values and sold prices (last 24 months) United States Illinois
Average price/sqft $1,705 $246
Median price/sqft $102 $77
Average sold price $1,142,916 $1,145,181
Median sold price $184,799 $189,120
Number of sales 2,575,118 94,315
Number of sales over $250k 1,062,401 40,833
Number of sales over $1m 274,215 12,819
Number of sales over $10m 41,633 1,984
Average total tax amount $6,270 $9,217
Average assessed value $264,907 $60,916
Average market value $262,016 $191,292

Illinois commercial real estate property averages

The average lot size of commercial real estate properties in Illinois is 24,217 sf. This is 21% below the United States average.

Property averages United States Illinois
Average lot size 898,917 sf 686,342 sf
Median lot size 30,119 sf 24,217 sf
Average building area 1,798 sf 158 sf
Median building area 59 sf 58 sf
Median year built 1965 1947
Average number of units 18 14
Median number of units 2 2

Illinois commercial real estate total supply

There are 2,041,858 commercial real estate properties in Illinois. This is 184% below the United States average. The total acerage is 11,176,193 acres and the aggregate building area for commercial real estate properties in Illinois is 25,496,286 sf.

Supply United States Illinois
Number of parcels 50,471,951 2,041,858
Aggregate lot acerage 585,729,504 11,176,193
Aggregate building area 7,434,859,242 sf 25,496,286 sf
Aggregate units 72,446,861 2,543,258

Illinois commercial real estate industrial mortgages

There are 906,983 mortgages for commercial real estate properties across Illinois in the Reonomy database. The average value of those mortgages is $9,009,226. This is 42% above the United States average.

Debt United States Illinois
Number of mortgages 22,566,809 906,983
Average value of mortgages $5,859,845 $9,009,226

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