Commercial Real Estate in Illinois

Unlock property data on all 2,421,113 commercial properties in Illinois. Search across 100 counties to find the Illinois property records you need, and get in touch with Commercial Real Estate owners in any market. Discover off-market properties likely to sell, refinance, or renovate, or find recent buyers and sellers.

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Popular searches around Illinois

Reonomy attracts a large community of Illinois commercial real estate professionals, including brokers, investors, roofers, contractors, appraisers, insurance providers, and more—many of which specialize in commercial properties.

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Illinois commercial real estate sold prices and values

Values and sold prices (last 24 months) United States Illinois
Average price/sqft $927 $3,460
Average sold price $1,032,380 $1,395,666
Median sold price $196,700 $181,824
Number of sales 3,733,633 142,681
Number of sales over $250k 1,581,467 57,531
Number of sales over $1m 359,353 15,942
Number of sales over $10m 48,908 2,768
Average total tax amount $7,081 $7,986
Average assessed value $252,824 $58,349
Average market value $357,265 $218,437

Illinois commercial real estate property averages

Property averages United States Illinois
Average lot size 816,594 sf 381,863 sf
Median lot size 24,509 sf 10,508 sf
Average building area 1,077 sf 209 sf
Median building area 77 sf 83 sf
Median year built 1970 1959
Average number of units 16 10
Median number of units 2 2

Illinois commercial real estate total supply

Supply United States Illinois
Number of parcels 58,466,290 2,499,228
Aggregate lot acerage 1,006,409,685 12,454,751
Aggregate building area 8,055,383,228 sf 64,661,890 sf
Aggregate units 90,025,159 2,445,318

Illinois commercial real estate industrial mortgages

Debt United States Illinois
Number of mortgages 41,927,940 3,333,358
Average value of mortgages $5,197,708 $5,542,068

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