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.
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White Lake, MI 48383
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645 W Willow St, Lansing, MI 48906
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918 W Front St, Traverse City, MI 49684
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2542 Canvas Back Ln, Wolverine Lake, MI 48390
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5587 Herkner Rd, Traverse City, MI 49685
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1193 Floyd St, Birmingham, MI 48009
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10483 S Saginaw St, Holly, MI 48442
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1481 E Hill Rd, Grand Blanc, MI 48439
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31350 Harlo Dr, Madison Heights, MI 48071
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7550 Cottonwood Dr, Jenison, MI 49428
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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 $356,053. Apartment building sale prices in Michigan have a median of $224,066. The last 24 months of sales history has seen 632 sales, with 295 sales greater than $250,000, 41 sales valued at over $1,000,000, and 5 sales valued at over $10,000,000. The average price per square foot of apartment buildings in Michigan over the last 24 months is $76.
| Values and sold prices (last 24 months) | United States | Michigan |
|---|---|---|
| Average price/sqft | $1,948 | $120 |
| Median price/sqft | $97 | $76 |
| Average sold price | $3,728,277 | $883,880 |
| Median sold price | $288,161 | $224,066 |
| Number of sales | 151,372 | 632 |
| Number of sales over $250k | 82,977 | 295 |
| Number of sales over $1m | 34,593 | 41 |
| Number of sales over $10m | 8,799 | 5 |
| Average total tax amount | $22,429 | $18,182 |
| Average assessed value | $986,422 | $356,053 |
| Average market value | $1,245,371 | $714,067 |
Michigan apartment building property averages
The average lot size of apartment buildings in Michigan is 24,276 sf. This is 102% above the United States average. The average building area is 49 sf and the median year built is 1970.
| Property averages | United States | Michigan |
|---|---|---|
| Average lot size | 148,139 sf | 920,390 sf |
| Median lot size | 7,860 sf | 24,276 sf |
| Average building area | 741 sf | 76 sf |
| Median building area | 63 sf | 49 sf |
| Median year built | 1954 | 1970 |
| Average number of units | 19 | 26 |
| Median number of units | 4 | 10 |
Michigan apartment building total supply
There are 8,995 apartment buildings in Michigan. This is 197% below the United States average. The total acerage is 141,772 acres and the aggregate building area for apartment buildings in Michigan is 245,239 sf.
| Supply | United States | Michigan |
|---|---|---|
| Number of parcels | 1,604,368 | 8,995 |
| Aggregate lot acerage | 24,840,391 | 141,772 |
| Aggregate building area | 522,353,716 sf | 245,239 sf |
| Aggregate units | 17,154,385 | 56,625 |
Michigan apartment building industrial mortgages
There are 13,728 mortgages for apartment buildings across Michigan in the Reonomy database. The average value of those mortgages is $5,939,124. This is 93% above the United States average.
| Debt | United States | Michigan |
|---|---|---|
| Number of mortgages | 4,113,579 | 13,728 |
| Average value of mortgages | $2,162,610 | $5,939,124 |
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