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 $52,610. Commercial real estate sale prices in Springfield have a median of $76,173. The last 24 months of sales history has seen 2,610 sales, with 490 sales greater than $250,000, 140 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 $1,384 $331 --
Median price/sqft $117 $106 --
Average sold price $1,143,572 $1,443,319 $249,054
Median sold price $194,892 $190,865 $76,173
Number of sales 3,954,880 146,857 2,610
Number of sales over $250k 1,665,915 61,064 490
Number of sales over $1m 395,099 17,164 140
Number of sales over $10m 58,833 2,858 4
Average total tax amount $6,013 $8,870 $4,414
Average assessed value $307,888 $64,080 $52,610
Average market value $390,264 $269,743 $161,778

Springfield commercial real estate property averages

The average lot size of commercial real estate properties in Springfield is 6,994 sf. This is 39% below the Illinois average.

Property averages United States Illinois Springfield
Average lot size 816,488 sf 381,453 sf 99,211 sf
Median lot size 24,473 sf 10,455 sf 6,994 sf
Average building area 1,165 sf 199 sf --
Median building area 75 sf 82 sf --
Median year built 1970 1958 --
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 57,702,818 2,467,681 33,460
Aggregate lot acerage 897,668,421 11,987,254 56,322
Aggregate building area 8,285,840,710 sf 59,640,782 sf --
Aggregate units 88,060,792 2,398,907 21,875

Springfield commercial real estate industrial mortgages

There are 52,007 mortgages for commercial real estate properties across Springfield in the Reonomy database. The average value of those mortgages is $1,702,253. This is 106% below the Illinois average.

Debt United States Illinois Springfield
Number of mortgages 40,200,163 3,215,610 52,007
Average value of mortgages $5,212,990 $5,599,089 $1,702,253

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