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 $902 $4,822 $22,418
Average sold price $977,667 $1,435,856 $5,537,877
Median sold price $198,430 $181,893 $348,810
Number of sales 2,619,546 98,293 15,151
Number of sales over $250k 1,116,847 39,483 9,336
Number of sales over $1m 252,938 10,820 3,319
Number of sales over $10m 34,725 2,032 1,003
Average total tax amount $7,209 $7,811 $14,370
Average assessed value $251,442 $56,807 $66,603
Average market value $357,014 $214,251 $423,068

Chicago commercial real estate property averages

Property averages United States Illinois Chicago
Average lot size -- 382,041 sf 10,693 sf
Median lot size -- 10,515 sf 3,585 sf
Average building area -- 209 sf 157 sf
Median building area -- 83 sf 67 sf
Median year built -- 1959 1915
Average number of units -- 10 10
Median number of units -- 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 -- 12,451,601 62,876
Aggregate building area -- 64,657,928 sf 15,583,153 sf
Aggregate units -- 2,443,721 1,491,712

Chicago commercial real estate industrial mortgages

Debt United States Illinois Chicago
Number of mortgages -- 3,332,148 983,591
Average value of mortgages -- $5,538,672 $4,921,073

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