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 $345,595. Apartment building sale prices in Michigan have a median of $201,000. The last 24 months of sales history has seen 790 sales, with 349 sales greater than $250,000, 53 sales valued at over $1,000,000, and 7 sales valued at over $10,000,000. The average price per square foot of apartment buildings in Michigan over the last 24 months is $56.

Values and sold prices (last 24 months) United States Michigan
Average price/sqft $1,240 $111
Median price/sqft $97 $56
Average sold price $3,422,417 $795,648
Median sold price $287,289 $201,000
Number of sales 143,925 790
Number of sales over $250k 78,793 349
Number of sales over $1m 32,980 53
Number of sales over $10m 8,218 7
Average total tax amount $21,780 $16,118
Average assessed value $973,545 $345,595
Average market value $1,223,463 $688,852

Michigan apartment building property averages

The average lot size of apartment buildings in Michigan is 17,808 sf. This is 77% above the United States average. The average building area is 36 sf and the median year built is 1964.

Property averages United States Michigan
Average lot size 145,025 sf 945,274 sf
Median lot size 7,843 sf 17,808 sf
Average building area 613 sf 66 sf
Median building area 62 sf 36 sf
Median year built 1954 1964
Average number of units 21 27
Median number of units 4 12

Michigan apartment building total supply

There are 10,864 apartment buildings in Michigan. This is 197% below the United States average. The total acerage is 177,326 acres and the aggregate building area for apartment buildings in Michigan is 271,977 sf.

Supply United States Michigan
Number of parcels 1,597,868 10,864
Aggregate lot acerage 24,465,828 177,326
Aggregate building area 428,811,554 sf 271,977 sf
Aggregate units 18,299,429 73,179

Michigan apartment building industrial mortgages

There are 15,660 mortgages for apartment buildings across Michigan in the Reonomy database. The average value of those mortgages is $5,462,210. This is 87% above the United States average.

Debt United States Michigan
Number of mortgages 4,058,722 15,660
Average value of mortgages $2,146,109 $5,462,210

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