Hotel property in Illinois

    Search hotel property records in Illinois 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 Illinois 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.

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    Popular searches around Illinois

    Reonomy operates the most comprehensive database for Illinois Hotel Property 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 Illinois commercial real estate professionals. Members from Illinois include brokers, investors and service providers, many of whom specialize in Illinois Hotel Property.

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    Illinois hotel property sold prices and values

    The average assessed value of hotel properties in Illinois is $1,404,311. Hotel property sale prices in Illinois have a median of $1,795,000. The last 24 months of sales history has seen 103 sales, with 84 sales greater than $250,000, 71 sales valued at over $1,000,000, and 11 sales valued at over $10,000,000. The average price per square foot of hotel properties in Illinois over the last 24 months is $111.

    Values and sold prices (last 24 months) United States Illinois
    Average price/sqft $7,510 $680
    Median price/sqft $110 $111
    Average sold price $6,325,917 $7,918,445
    Median sold price $1,047,294 $1,795,000
    Number of sales 8,842 103
    Number of sales over $250k 6,857 84
    Number of sales over $1m 4,531 71
    Number of sales over $10m 893 11
    Average total tax amount $80,595 $317,175
    Average assessed value $3,255,284 $1,404,311
    Average market value $3,403,171 $13,007,157

    Illinois hotel property property averages

    The average lot size of hotel properties in Illinois is 28,265 sf. This is 50% below the United States average. The average building area is 76 sf and the median year built is 1974.

    Property averages United States Illinois
    Average lot size 615,063 sf 59,867 sf
    Median lot size 47,462 sf 28,265 sf
    Average building area 6,780 sf 666 sf
    Median building area 72 sf 76 sf
    Median year built 1978 1974
    Average number of units 51 100
    Median number of units 16 32

    Illinois hotel property total supply

    There are 1,012 hotel properties in Illinois. This is 195% below the United States average. The total acerage is 1,236 acres and the aggregate building area for hotel properties in Illinois is 158,630 sf.

    Supply United States Illinois
    Number of parcels 91,962 1,012
    Aggregate lot acerage 1,359,392 1,236
    Aggregate building area 275,281,178 sf 158,630 sf
    Aggregate units 1,371,058 16,969

    Illinois hotel property industrial mortgages

    There are 4,154 mortgages for hotel properties across Illinois in the Reonomy database. The average value of those mortgages is $64,668,637. This is 29% above the United States average.

    Debt United States Illinois
    Number of mortgages 206,565 4,154
    Average value of mortgages $48,271,507 $64,668,637

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