Commercial real estate in Chicago

Search commercial real estate records in Chicago 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 Chicago 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 Chicago

Reonomy operates the most comprehensive database for Chicago 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 Chicago commercial real estate professionals. Members from Chicago include brokers, investors and service providers, many of whom specialize in Chicago Commercial Real Estate.

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Chicago commercial real estate sold prices and values

The average assessed value of commercial real estate properties in Chicago is $72,727. Commercial real estate sale prices in Chicago have a median of $334,539. The last 24 months of sales history has seen 23,352 sales, with 13,983 sales greater than $250,000, 4,933 sales valued at over $1,000,000, and 1,245 sales valued at over $10,000,000. The average price per square foot of commercial real estate properties in Chicago over the last 24 months is $101.

Values and sold prices (last 24 months) United States Illinois Chicago
Average price/sqft $1,441 $338 $248
Median price/sqft $116 $106 $101
Average sold price $1,152,438 $1,485,144 $4,701,040
Median sold price $194,564 $191,136 $334,539
Number of sales 3,865,677 143,880 23,352
Number of sales over $250k 1,626,715 59,892 13,983
Number of sales over $1m 387,539 16,904 4,933
Number of sales over $10m 57,686 2,871 1,245
Average total tax amount $5,994 $8,901 $15,426
Average assessed value $308,174 $63,930 $72,727
Average market value $389,453 $270,736 $458,986

Chicago commercial real estate property averages

The average lot size of commercial real estate properties in Chicago is 3,581 sf. This is 97% below the Illinois average.

Property averages United States Illinois Chicago
Average lot size 818,765 sf 381,281 sf 10,586 sf
Median lot size 24,579 sf 10,447 sf 3,581 sf
Average building area 1,144 sf 198 sf 151 sf
Median building area 74 sf 81 sf 65 sf
Median year built 1970 1959 1915
Average number of units 16 9 10
Median number of units 2 2 2

Chicago commercial real estate total supply

There are 312,772 commercial real estate properties in Chicago. This is 154% below the Illinois average. The total acerage is 62,327 acres and the aggregate building area for commercial real estate properties in Chicago is 14,983,242 sf.

Supply United States Illinois Chicago
Number of parcels 57,574,886 2,461,425 312,772
Aggregate lot acerage 902,766,583 11,957,820 62,327
Aggregate building area 8,065,472,233 sf 59,239,180 sf 14,983,242 sf
Aggregate units 87,857,161 2,398,221 1,500,565

Chicago commercial real estate industrial mortgages

There are 970,144 mortgages for commercial real estate properties across Chicago in the Reonomy database. The average value of those mortgages is $4,712,417. This is 17% below the Illinois average.

Debt United States Illinois Chicago
Number of mortgages 40,017,581 3,207,332 970,144
Average value of mortgages $5,225,025 $5,620,879 $4,712,417

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