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 $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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