Apartment building in Michigan

Search apartment building records in Michigan 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 Michigan 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 Michigan

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

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Michigan apartment building sold prices and values

The average assessed value of apartment buildings in Michigan is $321,814. Apartment building sale prices in Michigan have a median of $205,381. The last 24 months of sales history has seen 825 sales, with 363 sales greater than $250,000, 52 sales valued at over $1,000,000, and 6 sales valued at over $10,000,000. The average price per square foot of apartment buildings in Michigan over the last 24 months is $53.

Values and sold prices (last 24 months) United States Michigan
Average price/sqft $1,270 $105
Median price/sqft $97 $53
Average sold price $3,387,917 $761,270
Median sold price $288,824 $205,381
Number of sales 152,242 825
Number of sales over $250k 83,556 363
Number of sales over $1m 35,213 52
Number of sales over $10m 8,850 6
Average total tax amount $21,886 $14,389
Average assessed value $966,616 $321,814
Average market value $937,308 $644,819

Michigan apartment building property averages

The average lot size of apartment buildings in Michigan is 18,229 sf. This is 79% above the United States average. The average building area is 35 sf and the median year built is 1965.

Property averages United States Michigan
Average lot size 144,885 sf 960,404 sf
Median lot size 7,838 sf 18,229 sf
Average building area 613 sf 65 sf
Median building area 62 sf 35 sf
Median year built 1954 1965
Average number of units 21 27
Median number of units 4 12

Michigan apartment building total supply

There are 10,715 apartment buildings in Michigan. This is 197% below the United States average. The total acerage is 177,206 acres and the aggregate building area for apartment buildings in Michigan is 265,137 sf.

Supply United States Michigan
Number of parcels 1,597,009 10,715
Aggregate lot acerage 24,383,790 177,206
Aggregate building area 430,393,488 sf 265,137 sf
Aggregate units 18,259,537 73,103

Michigan apartment building industrial mortgages

There are 14,487 mortgages for apartment buildings across Michigan in the Reonomy database. The average value of those mortgages is $5,819,306. This is 91% above the United States average.

Debt United States Michigan
Number of mortgages 3,967,362 14,487
Average value of mortgages $2,161,340 $5,819,306

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