Office space in Illinois

Search office space 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 Office Space 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 Office Space.

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Illinois office space sold prices and values

The average assessed value of office spaces in Illinois is $171,214. Office space sale prices in Illinois have a median of $240,000. The last 24 months of sales history has seen 926 sales, with 455 sales greater than $250,000, 205 sales valued at over $1,000,000, and 29 sales valued at over $10,000,000. The average price per square foot of office spaces in Illinois over the last 24 months is $81.

Values and sold prices (last 24 months) United States Illinois
Average price/sqft $2,365 $235
Median price/sqft $110 $81
Average sold price $3,958,723 $1,543,357
Median sold price $357,842 $240,000
Number of sales 73,032 926
Number of sales over $250k 44,217 455
Number of sales over $1m 19,216 205
Number of sales over $10m 3,969 29
Average total tax amount $36,459 $21,103
Average assessed value $1,509,008 $171,214
Average market value $1,743,725 $543,692

Illinois office space property averages

The average lot size of office spaces in Illinois is 17,128 sf. This is 0% below the United States average. The average building area is 89 sf and the median year built is 1986.

Property averages United States Illinois
Average lot size 480,584 sf 54,270 sf
Median lot size 17,135 sf 17,128 sf
Average building area 1,048 sf 307 sf
Median building area 84 sf 89 sf
Median year built 1983 1986
Average number of units 28 24
Median number of units 4 7

Illinois office space total supply

There are 12,343 office spaces in Illinois. This is 194% below the United States average. The total acerage is 9,473 acres and the aggregate building area for office spaces in Illinois is 1,217,548 sf.

Supply United States Illinois
Number of parcels 917,648 12,343
Aggregate lot acerage 9,904,202 9,473
Aggregate building area 460,294,400 sf 1,217,548 sf
Aggregate units 9,081,353 69,026

Illinois office space industrial mortgages

There are 19,060 mortgages for office spaces across Illinois in the Reonomy database. The average value of those mortgages is $6,810,059. This is 14% below the United States average.

Debt United States Illinois
Number of mortgages 1,467,580 19,060
Average value of mortgages $7,903,229 $6,810,059

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