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 $141,111. Commercial real estate sale prices in Michigan have a median of $91,208. The last 24 months of sales history has seen 67,481 sales, with 17,196 sales greater than $250,000, 1,991 sales valued at over $1,000,000, and 69 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 $50.

Values and sold prices (last 24 months) United States Michigan
Average price/sqft $1,209 $122
Median price/sqft $118 $50
Average sold price $1,110,594 $241,627
Median sold price $195,861 $91,208
Number of sales 4,002,357 67,481
Number of sales over $250k 1,691,978 17,196
Number of sales over $1m 393,180 1,991
Number of sales over $10m 56,413 69
Average total tax amount $9,248 $5,789
Average assessed value $313,529 $141,111
Average market value $400,838 $282,694

Michigan commercial real estate property averages

The average lot size of commercial real estate properties in Michigan is 26,935 sf. This is 9% above the United States average.

Property averages United States Michigan
Average lot size 816,488 sf 987,099 sf
Median lot size 24,470 sf 26,935 sf
Average building area 1,109 sf 129 sf
Median building area 76 sf 28 sf
Median year built 1970 1959
Average number of units 16 14
Median number of units 2 2

Michigan commercial real estate total supply

There are 1,470,399 commercial real estate properties in Michigan. This is 190% below the United States average. The total acerage is 35,773,340 acres and the aggregate building area for commercial real estate properties in Michigan is 12,139,775 sf.

Supply United States Michigan
Number of parcels 58,091,739 1,470,399
Aggregate lot acerage 977,366,964 35,773,340
Aggregate building area 8,120,632,838 sf 12,139,775 sf
Aggregate units 88,811,099 680,630

Michigan commercial real estate industrial mortgages

There are 463,971 mortgages for commercial real estate properties across Michigan in the Reonomy database. The average value of those mortgages is $22,498,481. This is 124% above the United States average.

Debt United States Michigan
Number of mortgages 41,237,574 463,971
Average value of mortgages $5,196,211 $22,498,481

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