Commercial real estate in Michigan

Search commercial real estate 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 Commercial Real Estate 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 Commercial Real Estate.

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Michigan commercial real estate sold prices and values

The average assessed value of commercial real estate properties in Michigan is $142,732. Commercial real estate sale prices in Michigan have a median of $90,042. The last 24 months of sales history has seen 60,741 sales, with 15,218 sales greater than $250,000, 1,708 sales valued at over $1,000,000, and 59 sales valued at over $10,000,000. The average price per square foot of commercial real estate properties in Michigan over the last 24 months is $51.

Values and sold prices (last 24 months) United States Michigan
Average price/sqft $1,429 $144
Median price/sqft $115 $51
Average sold price $1,175,028 $236,715
Median sold price $192,662 $90,042
Number of sales 3,653,861 60,741
Number of sales over $250k 1,530,048 15,218
Number of sales over $1m 369,680 1,708
Number of sales over $10m 55,427 59
Average total tax amount $5,912 $5,257
Average assessed value $302,534 $142,732
Average market value $377,431 $284,909

Michigan commercial real estate property averages

The average lot size of commercial real estate properties in Michigan is 31,322 sf. This is 23% above the United States average.

Property averages United States Michigan
Average lot size 818,966 sf 1,086,435 sf
Median lot size 24,701 sf 31,322 sf
Average building area 1,170 sf 140 sf
Median building area 73 sf 29 sf
Median year built 1970 1960
Average number of units 16 13
Median number of units 2 2

Michigan commercial real estate total supply

There are 1,409,701 commercial real estate properties in Michigan. This is 190% below the United States average. The total acerage is 36,382,596 acres and the aggregate building area for commercial real estate properties in Michigan is 11,522,414 sf.

Supply United States Michigan
Number of parcels 57,284,908 1,409,701
Aggregate lot acerage 883,661,852 36,382,596
Aggregate building area 8,074,578,464 sf 11,522,414 sf
Aggregate units 87,963,611 629,278

Michigan commercial real estate industrial mortgages

There are 429,920 mortgages for commercial real estate properties across Michigan in the Reonomy database. The average value of those mortgages is $23,795,356. This is 128% above the United States average.

Debt United States Michigan
Number of mortgages 39,329,028 429,920
Average value of mortgages $5,222,868 $23,795,356

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