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 $31,010. Apartment building sale prices in Michigan have a median of $70,000. The last 24 months of sales history has seen 224 sales, with 3 sales greater than $250,000, 0 sales valued at over $1,000,000, and 0 sales valued at over $10,000,000. The average price per square foot of apartment buildings in Michigan over the last 24 months is $57.

Values and sold prices (last 24 months) United States Michigan
Average price/sqft $659 $60
Median price/sqft $109 $57
Average sold price $1,159,415 $79,749
Median sold price $197,717 $70,000
Number of sales 9,372 224
Number of sales over $250k 4,092 3
Number of sales over $1m 1,301 --
Number of sales over $10m 196 --
Average total tax amount $10,887 $1,431
Average assessed value $563,224 $31,010
Average market value $457,704 $26,574

Michigan apartment building property averages

The average lot size of apartment buildings in Michigan is 26,891 sf. This is 106% above the United States average. The average building area is 46 sf and the median year built is 1972.

Property averages United States Michigan
Average lot size 93,152 sf 243,592 sf
Median lot size 8,160 sf 26,891 sf
Average building area 861 sf 98 sf
Median building area 85 sf 46 sf
Median year built 1973 1972
Average number of units 71 124
Median number of units 12 32

Michigan apartment building total supply

There are 5,369 apartment buildings in Michigan. This is 183% below the United States average. The total acerage is 3,539 acres and the aggregate building area for apartment buildings in Michigan is 210,368 sf.

Supply United States Michigan
Number of parcels 124,189 5,369
Aggregate lot acerage 2,541,543 3,539
Aggregate building area 52,629,711 sf 210,368 sf
Aggregate units 3,959,365 162,406

Michigan apartment building industrial mortgages

There are 332 mortgages for apartment buildings across Michigan in the Reonomy database. The average value of those mortgages is $525,572. This is 95% below the United States average.

Debt United States Michigan
Number of mortgages 16,223 332
Average value of mortgages $1,477,243 $525,572

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