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.

To access full information start a free trial

Chicago commercial real estate sold prices and values

The average assessed value of commercial real estate properties in Chicago is $72,797. Commercial real estate sale prices in Chicago have a median of $340,710. The last 24 months of sales history has seen 23,216 sales, with 14,122 sales greater than $250,000, 4,926 sales valued at over $1,000,000, and 1,288 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 $103.

Values and sold prices (last 24 months) United States Illinois Chicago
Average price/sqft $1,286 $356 $239
Median price/sqft $117 $107 $103
Average sold price $1,118,542 $1,418,365 $4,873,162
Median sold price $196,083 $188,227 $340,710
Number of sales 3,934,359 146,307 23,216
Number of sales over $250k 1,663,881 60,315 14,122
Number of sales over $1m 387,932 16,950 4,926
Number of sales over $10m 55,602 2,896 1,288
Average total tax amount $9,232 $8,890 $15,451
Average assessed value $312,101 $64,559 $72,797
Average market value $400,634 $267,794 $458,855

Chicago commercial real estate property averages

The average lot size of commercial real estate properties in Chicago is 3,585 sf. This is 98% below the Illinois average.

Property averages United States Illinois Chicago
Average lot size 816,803 sf 381,834 sf 10,672 sf
Median lot size 24,448 sf 10,487 sf 3,585 sf
Average building area 1,134 sf 201 sf 154 sf
Median building area 76 sf 82 sf 66 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 314,378 commercial real estate properties in Chicago. This is 154% below the Illinois average. The total acerage is 62,927 acres and the aggregate building area for commercial real estate properties in Chicago is 15,242,504 sf.

Supply United States Illinois Chicago
Number of parcels 58,091,739 2,479,916 314,378
Aggregate lot acerage 976,485,427 12,124,242 62,927
Aggregate building area 8,209,502,265 sf 61,432,362 sf 15,242,504 sf
Aggregate units 88,640,560 2,401,112 1,490,817

Chicago commercial real estate industrial mortgages

There are 978,026 mortgages for commercial real estate properties across Chicago in the Reonomy database. The average value of those mortgages is $4,859,634. This is 14% below the Illinois average.

Debt United States Illinois Chicago
Number of mortgages 40,876,180 3,255,671 978,026
Average value of mortgages $5,210,547 $5,600,375 $4,859,634

To access full information start a free trial