Commercial Real Estate in Springfield | Reonomy

Commercial Real Estate in Springfield

Unlock property data on 34,216 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 $927 $3,460 --
Average sold price $1,032,380 $1,395,666 $216,940
Median sold price $196,928 $182,114 $55,000
Number of sales 3,733,633 142,681 3,462
Number of sales over $250k 1,581,467 57,531 577
Number of sales over $1m 359,353 15,942 162
Number of sales over $10m 48,908 2,768 --
Average total tax amount $7,081 $7,986 $3,302
Average assessed value $252,824 $58,349 $38,703
Average market value $357,265 $218,437 $116,050

Springfield commercial real estate property averages

Property averages United States Illinois Springfield
Average lot size 816,594 sf 381,863 sf 96,150 sf
Median lot size 24,445 sf 10,508 sf 7,010 sf
Average building area 1,077 sf 209 sf --
Median building area 77 sf 83 sf --
Median year built 1970 1959 --
Average number of units 16 10 14
Median number of units 2 2 4

Springfield commercial real estate total supply

Supply United States Illinois Springfield
Number of parcels 58,466,290 2,499,228 34,685
Aggregate lot acerage 1,006,409,685 12,454,751 57,158
Aggregate building area 8,055,383,228 sf 64,661,890 sf --
Aggregate units 90,025,159 2,445,318 22,212

Springfield commercial real estate industrial mortgages

Debt United States Illinois Springfield
Number of mortgages 41,927,940 3,333,358 57,258
Average value of mortgages $5,197,708 $5,542,068 $1,570,097

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