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 $60,167. Commercial real estate sale prices in Illinois have a median of $188,022. The last 24 months of sales history has seen 147,370 sales, with 60,718 sales greater than $250,000, 17,254 sales valued at over $1,000,000, and 2,929 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 $105.

Values and sold prices (last 24 months) United States Illinois
Average price/sqft $1,344 $337
Median price/sqft $115 $105
Average sold price $1,162,392 $1,465,749
Median sold price $191,467 $188,022
Number of sales 3,863,764 147,370
Number of sales over $250k 1,613,612 60,718
Number of sales over $1m 389,810 17,254
Number of sales over $10m 58,005 2,929
Average total tax amount $5,906 $9,160
Average assessed value $273,996 $60,167
Average market value $321,051 $228,563

Illinois commercial real estate property averages

The average lot size of commercial real estate properties in Illinois is 10,377 sf. This is 81% below the United States average.

Property averages United States Illinois
Average lot size 819,068 sf 379,875 sf
Median lot size 24,646 sf 10,377 sf
Average building area 1,164 sf 199 sf
Median building area 73 sf 81 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 2,456,675 commercial real estate properties in Illinois. This is 183% below the United States average. The total acerage is 11,802,830 acres and the aggregate building area for commercial real estate properties in Illinois is 59,150,729 sf.

Supply United States Illinois
Number of parcels 57,284,908 2,456,675
Aggregate lot acerage 882,586,122 11,802,830
Aggregate building area 8,038,750,738 sf 59,150,729 sf
Aggregate units 87,804,464 2,383,373

Illinois commercial real estate industrial mortgages

There are 3,175,241 mortgages for commercial real estate properties across Illinois in the Reonomy database. The average value of those mortgages is $5,560,661. This is 5% above the United States average.

Debt United States Illinois
Number of mortgages 38,333,712 3,175,241
Average value of mortgages $5,270,730 $5,560,661

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