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.

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 $1,404,563. Hotel property sale prices in Illinois have a median of $1,625,000. The last 24 months of sales history has seen 97 sales, with 77 sales greater than $250,000, 64 sales valued at over $1,000,000, and 12 sales valued at over $10,000,000. The average price per square foot of hotel properties in Illinois over the last 24 months is $100.

Values and sold prices (last 24 months) United States Illinois
Average price/sqft $8,005 $671
Median price/sqft $109 $100
Average sold price $6,632,514 $7,275,922
Median sold price $1,101,170 $1,625,000
Number of sales 8,166 97
Number of sales over $250k 6,303 77
Number of sales over $1m 4,251 64
Number of sales over $10m 863 12
Average total tax amount $80,529 $316,970
Average assessed value $3,282,730 $1,404,563
Average market value $4,227,891 $13,024,942

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 614,169 sf 59,867 sf
Median lot size 47,413 sf 28,265 sf
Average building area 6,822 sf 691 sf
Median building area 73 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 167,972 sf.

Supply United States Illinois
Number of parcels 91,986 1,012
Aggregate lot acerage 1,358,661 1,236
Aggregate building area 275,360,041 sf 167,972 sf
Aggregate units 1,370,381 16,969

Illinois hotel property industrial mortgages

There are 4,141 mortgages for hotel properties across Illinois in the Reonomy database. The average value of those mortgages is $64,076,614. This is 30% above the United States average.

Debt United States Illinois
Number of mortgages 212,836 4,141
Average value of mortgages $47,143,013 $64,076,614

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