Commercial real estate in Mercer County
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Reonomy operates the most comprehensive database for Mercer County 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 Mercer County commercial real estate professionals. Members from Mercer County include brokers, investors and service providers, many of whom specialize in Mercer County Commercial Real Estate.
Mercer County commercial real estate sold prices and values
The average assessed value of commercial real estate properties in Mercer County is $18,230.
|Values and sold prices (last 24 months)||United States||Illinois||Mercer County|
|Average sold price||$1,142,916||$1,145,181||--|
|Median sold price||$184,799||$189,120||--|
|Number of sales||2,575,118||94,315||--|
|Number of sales over $250k||1,062,401||40,833||--|
|Number of sales over $1m||274,215||12,819||--|
|Number of sales over $10m||41,633||1,984||--|
|Average total tax amount||$6,270||$9,217||$1,626|
|Average assessed value||$264,907||$60,916||$18,230|
|Average market value||$262,016||$191,292||$23,686|
Mercer County commercial real estate property averages
The average lot size of commercial real estate properties in Mercer County is 49,876 sf. This is 69% above the Illinois average.
|Property averages||United States||Illinois||Mercer County|
|Average lot size||898,917 sf||686,342 sf||1,385,070 sf|
|Median lot size||30,119 sf||24,217 sf||49,876 sf|
|Average building area||1,798 sf||158 sf||--|
|Median building area||59 sf||58 sf||--|
|Median year built||1965||1947||--|
|Average number of units||18||14||3|
|Median number of units||2||2||4|
Mercer County commercial real estate total supply
There are 7,473 commercial real estate properties in Mercer County. This is 198% below the Illinois average.
|Supply||United States||Illinois||Mercer County|
|Number of parcels||50,471,951||2,041,858||7,473|
|Aggregate lot acerage||585,729,504||11,176,193||11,128|
|Aggregate building area||7,434,859,242 sf||25,496,286 sf||--|
Mercer County commercial real estate industrial mortgages
|Debt||United States||Illinois||Mercer County|
|Number of mortgages||22,566,809||906,983||--|
|Average value of mortgages||$5,859,845||$9,009,226||--|