Apartment Buildings in Michigan | Reonomy
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    Apartment Buildings in Michigan

    Unlock property data on all 10,815 apartment buildings in Michigan. Search across 83 counties to find the Michigan property records you need, and get in touch with Apartment Building owners in any market. Discover off-market properties likely to sell, refinance, or renovate, or find recent buyers and sellers.

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    Reonomy attracts a large community of Michigan commercial real estate professionals, including brokers, investors, roofers, contractors, appraisers, insurance providers, and more—many of which specialize in apartment buildings.

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    Michigan apartment building sold prices and values

    Values and sold prices (last 24 months) United States Michigan
    Average price/sqft $2,283 $7,552
    Average sold price $3,169,782 $839,403
    Median sold price $288,620 $226,312
    Number of sales 136,798 762
    Number of sales over $250k 75,176 361
    Number of sales over $1m 30,374 54
    Number of sales over $10m 7,201 7
    Average total tax amount $22,518 $12,115
    Average assessed value $1,069,484 $250,142
    Average market value $1,369,352 $496,988

    Michigan apartment building property averages

    Property averages United States Michigan
    Average lot size 156,532 sf 745,361 sf
    Median lot size 7,854 sf 20,053 sf
    Average building area 719 sf 71 sf
    Median building area 66 sf 37 sf
    Median year built 1955 1966
    Average number of units 19 27
    Median number of units 4 12

    Michigan apartment building total supply

    Supply United States Michigan
    Number of parcels 1,615,369 10,846
    Aggregate lot acerage 25,562,279 130,746
    Aggregate building area 513,811,859 sf 301,446 sf
    Aggregate units 17,495,338 83,252

    Michigan apartment building industrial mortgages

    Debt United States Michigan
    Number of mortgages 4,234,820 15,707
    Average value of mortgages $2,205,724 $5,636,870

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