Apartment Buildings in Michigan | Reonomy

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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Popular searches around Michigan

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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