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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Springfield commercial real estate sold prices and values

Values and sold prices (last 24 months) United States Illinois Springfield
Average price/sqft $945 $3,286 --
Average sold price $1,051,559 $1,351,807 $210,724
Median sold price $197,877 $182,195 $52,626
Number of sales 3,311,016 125,822 3,090
Number of sales over $250k 1,405,142 50,561 497
Number of sales over $1m 316,433 13,701 136
Number of sales over $10m 42,830 2,496 --
Average total tax amount $7,047 $7,882 $3,211
Average assessed value $252,071 $57,602 $37,906
Average market value $355,894 $216,691 $113,665

Springfield commercial real estate property averages

Property averages United States Illinois Springfield
Average lot size 815,813 sf 381,931 sf 96,150 sf
Median lot size 24,444 sf 10,511 sf 7,008 sf
Average building area 1,078 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 1,005,539,896 12,453,457 57,158
Aggregate building area 8,055,243,770 sf 64,660,350 sf --
Aggregate units 90,000,916 2,444,982 22,212

Springfield commercial real estate industrial mortgages

Debt United States Illinois Springfield
Number of mortgages 41,923,137 3,332,850 57,258
Average value of mortgages $5,197,256 $5,542,637 $1,570,097

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