Commercial real estate in Springfield

Search commercial real estate records in Springfield 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 Springfield 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 Springfield

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

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Springfield commercial real estate sold prices and values

The average assessed value of commercial real estate properties in Springfield is $52,634. Commercial real estate sale prices in Springfield have a median of $79,523. The last 24 months of sales history has seen 2,680 sales, with 570 sales greater than $250,000, 167 sales valued at over $1,000,000, and 4 sales valued at over $10,000,000.

Values and sold prices (last 24 months) United States Illinois Springfield
Average price/sqft $1,330 $346 --
Median price/sqft $117 $107 --
Average sold price $1,135,318 $1,453,342 $278,746
Median sold price $196,110 $192,389 $79,523
Number of sales 3,869,903 143,914 2,680
Number of sales over $250k 1,636,202 60,196 570
Number of sales over $1m 384,130 16,971 167
Number of sales over $10m 55,628 2,897 4
Average total tax amount $5,974 $8,862 $4,416
Average assessed value $307,761 $64,076 $52,634
Average market value $389,458 $267,708 $161,837

Springfield commercial real estate property averages

The average lot size of commercial real estate properties in Springfield is 7,005 sf. This is 39% below the Illinois average.

Property averages United States Illinois Springfield
Average lot size 818,516 sf 382,016 sf 99,097 sf
Median lot size 24,514 sf 10,473 sf 7,005 sf
Average building area 1,112 sf 197 sf --
Median building area 75 sf 82 sf --
Median year built 1970 1959 --
Average number of units 16 9 14
Median number of units 2 2 4

Springfield commercial real estate total supply

There are 33,460 commercial real estate properties in Springfield. This is 194% below the Illinois average.

Supply United States Illinois Springfield
Number of parcels 57,794,383 2,470,214 33,460
Aggregate lot acerage 971,077,489 12,066,592 56,567
Aggregate building area 7,965,118,062 sf 59,216,386 sf --
Aggregate units 87,828,010 2,401,535 21,979

Springfield commercial real estate industrial mortgages

There are 52,697 mortgages for commercial real estate properties across Springfield in the Reonomy database. The average value of those mortgages is $1,688,732. This is 107% below the Illinois average.

Debt United States Illinois Springfield
Number of mortgages 40,595,645 3,235,235 52,697
Average value of mortgages $5,215,162 $5,618,191 $1,688,732

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