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 $64,077. Commercial real estate sale prices in Illinois have a median of $192,893. The last 24 months of sales history has seen 143,914 sales, with 60,196 sales greater than $250,000, 16,971 sales valued at over $1,000,000, and 2,897 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 $107.

Values and sold prices (last 24 months) United States Illinois
Average price/sqft $1,330 $346
Median price/sqft $117 $107
Average sold price $1,135,318 $1,453,342
Median sold price $196,105 $192,893
Number of sales 3,869,903 143,914
Number of sales over $250k 1,636,202 60,196
Number of sales over $1m 384,130 16,971
Number of sales over $10m 55,628 2,897
Average total tax amount $5,974 $8,862
Average assessed value $307,763 $64,077
Average market value $389,458 $267,710

Illinois commercial real estate property averages

The average lot size of commercial real estate properties in Illinois is 10,480 sf. This is 80% below the United States average.

Property averages United States Illinois
Average lot size 818,509 sf 382,037 sf
Median lot size 24,527 sf 10,480 sf
Average building area 1,113 sf 197 sf
Median building area 75 sf 82 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 2,470,214 commercial real estate properties in Illinois. This is 183% below the United States average. The total acerage is 12,066,582 acres and the aggregate building area for commercial real estate properties in Illinois is 59,216,030 sf.

Supply United States Illinois
Number of parcels 57,794,383 2,470,214
Aggregate lot acerage 971,055,037 12,066,582
Aggregate building area 7,965,114,869 sf 59,216,030 sf
Aggregate units 87,826,320 2,401,453

Illinois commercial real estate industrial mortgages

There are 3,235,184 mortgages for commercial real estate properties across Illinois in the Reonomy database. The average value of those mortgages is $5,618,277. This is 7% above the United States average.

Debt United States Illinois
Number of mortgages 40,595,359 3,235,184
Average value of mortgages $5,215,187 $5,618,277

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