Commercial Real Estate in Springfield | Reonomy

Commercial Real Estate in Springfield

Unlock property data on 36,493 commercial properties in Springfield. Search through Springfield 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 Springfield 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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Springfield commercial real estate sold prices and values

Values and sold prices (last 24 months) United States Illinois Springfield
Average price/sqft -- -- --
Average sold price $689,361 $578,221 $260,285
Median sold price $128,990 $88,671 $71,074
Number of sales 5,410,759 216,931 4,636
Number of sales over $250k 1,942,919 63,892 818
Number of sales over $1m 389,218 14,994 188
Number of sales over $10m 54,148 2,030 5
Average total tax amount $4,983 $6,548 $3,445
Average assessed value $461,054 $53,388 $38,583
Average market value $302,063 $193,520 $114,518

Springfield commercial real estate property averages

Property averages United States Illinois Springfield
Average lot size 821,628 sf 402,223 sf 94,264 sf
Median lot size 24,423 sf 10,931 sf 7,127 sf
Average building area -- -- --
Median building area -- -- --
Median year built 1972 1960 1994
Average number of units 18 13 15
Median number of units 2 2 4

Springfield commercial real estate total supply

Supply United States Illinois Springfield
Number of parcels 133,927,783 2,588,582 37,308
Aggregate lot acerage 826,213,467 14,268,268 60,116
Aggregate building area -- -- --
Aggregate units 112,831,203 3,344,989 24,332

Springfield commercial real estate industrial mortgages

Debt United States Illinois Springfield
Number of mortgages 44,677,694 3,610,179 68,270
Average value of mortgages $5,649,003 $5,981,799 $1,555,013

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