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 $63,929. Commercial real estate sale prices in Illinois have a median of $191,081. The last 24 months of sales history has seen 143,880 sales, with 59,892 sales greater than $250,000, 16,904 sales valued at over $1,000,000, and 2,871 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 $1,441 $338
Median price/sqft $116 $106
Average sold price $1,152,438 $1,485,144
Median sold price $194,558 $191,081
Number of sales 3,865,677 143,880
Number of sales over $250k 1,626,715 59,892
Number of sales over $1m 387,539 16,904
Number of sales over $10m 57,686 2,871
Average total tax amount $5,994 $8,901
Average assessed value $308,174 $63,929
Average market value $389,450 $270,736

Illinois commercial real estate property averages

The average lot size of commercial real estate properties in Illinois is 10,449 sf. This is 80% below the United States average.

Property averages United States Illinois
Average lot size 818,756 sf 381,274 sf
Median lot size 24,545 sf 10,449 sf
Average building area 1,144 sf 198 sf
Median building area 74 sf 81 sf
Median year built 1969 1959
Average number of units 16 9
Median number of units 2 2

Illinois commercial real estate total supply

There are 2,461,425 commercial real estate properties in Illinois. This is 183% below the United States average. The total acerage is 11,957,878 acres and the aggregate building area for commercial real estate properties in Illinois is 59,239,571 sf.

Supply United States Illinois
Number of parcels 57,574,886 2,461,425
Aggregate lot acerage 902,778,622 11,957,878
Aggregate building area 8,065,475,157 sf 59,239,571 sf
Aggregate units 87,857,722 2,398,267

Illinois commercial real estate industrial mortgages

There are 3,207,373 mortgages for commercial real estate properties across Illinois in the Reonomy database. The average value of those mortgages is $5,620,812. This is 7% above the United States average.

Debt United States Illinois
Number of mortgages 40,017,848 3,207,373
Average value of mortgages $5,224,996 $5,620,812

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