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 $1,404,590. Hotel property sale prices in Illinois have a median of $1,950,000. The last 24 months of sales history has seen 112 sales, with 91 sales greater than $250,000, 78 sales valued at over $1,000,000, and 19 sales valued at over $10,000,000. The average price per square foot of hotel properties in Illinois over the last 24 months is $116.

Values and sold prices (last 24 months) United States Illinois
Average price/sqft $7,467 $671
Median price/sqft $113 $116
Average sold price $6,524,869 $9,438,780
Median sold price $1,099,194 $1,950,000
Number of sales 8,661 112
Number of sales over $250k 6,577 91
Number of sales over $1m 4,495 78
Number of sales over $10m 892 19
Average total tax amount $80,293 $317,129
Average assessed value $3,324,124 $1,404,590
Average market value $4,295,638 $13,027,442

Illinois hotel property property averages

The average lot size of hotel properties in Illinois is 28,360 sf. This is 50% below the United States average. The average building area is 81 sf and the median year built is 1974.

Property averages United States Illinois
Average lot size 600,555 sf 59,917 sf
Median lot size 47,272 sf 28,360 sf
Average building area 6,730 sf 768 sf
Median building area 74 sf 81 sf
Median year built 1978 1974
Average number of units 51 99
Median number of units 16 31

Illinois hotel property total supply

There are 1,013 hotel properties in Illinois. This is 195% below the United States average. The total acerage is 1,237 acres and the aggregate building area for hotel properties in Illinois is 182,110 sf.

Supply United States Illinois
Number of parcels 92,381 1,013
Aggregate lot acerage 1,159,686 1,237
Aggregate building area 274,897,203 sf 182,110 sf
Aggregate units 1,366,877 16,995

Illinois hotel property industrial mortgages

There are 4,185 mortgages for hotel properties across Illinois in the Reonomy database. The average value of those mortgages is $63,955,253. This is 30% above the United States average.

Debt United States Illinois
Number of mortgages 216,476 4,185
Average value of mortgages $46,836,937 $63,955,253

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