Commercial Real Estate in Chicago | Reonomy

Commercial Real Estate in Chicago

Unlock property data on 314,361 commercial properties in Chicago. Search through Chicago property records and access full owner contact information to find off-market properties likely to sell, refinance, or renovate. Find recent buyers and sellers.

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Reonomy attracts a large community of Chicago 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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Chicago commercial real estate sold prices and values

Values and sold prices (last 24 months) United States Illinois Chicago
Average price/sqft $909 $3,428 $20,852
Average sold price $1,037,796 $1,418,791 $5,243,057
Median sold price $196,975 $181,233 $346,963
Number of sales 3,594,235 136,420 20,483
Number of sales over $250k 1,522,457 54,788 12,554
Number of sales over $1m 344,082 15,141 4,403
Number of sales over $10m 46,755 2,682 1,246
Average total tax amount $7,065 $7,939 $15,453
Average assessed value $252,208 $57,938 $71,673
Average market value $356,366 $217,474 $447,795

Chicago commercial real estate property averages

Property averages United States Illinois Chicago
Average lot size 816,546 sf 381,886 sf 10,685 sf
Median lot size 24,460 sf 10,509 sf 3,584 sf
Average building area 1,078 sf 209 sf 157 sf
Median building area 77 sf 83 sf 67 sf
Median year built 1970 1959 1915
Average number of units 16 10 10
Median number of units 2 2 2

Chicago commercial real estate total supply

Supply United States Illinois Chicago
Number of parcels 58,466,290 2,499,228 314,498
Aggregate lot acerage 1,006,250,046 12,454,281 62,967
Aggregate building area 8,055,341,670 sf 64,661,378 sf 15,585,617 sf
Aggregate units 90,014,181 2,445,204 1,493,025

Chicago commercial real estate industrial mortgages

Debt United States Illinois Chicago
Number of mortgages 41,925,990 3,333,165 984,416
Average value of mortgages $5,197,811 $5,542,210 $4,917,817

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