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 $107,353. Commercial real estate sale prices in Michigan have a median of $89,120. The last 24 months of sales history has seen 54,393 sales, with 12,930 sales greater than $250,000, 1,417 sales valued at over $1,000,000, and 57 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 $44.

Values and sold prices (last 24 months) United States Michigan
Average price/sqft $1,487 $131
Median price/sqft $101 $44
Average sold price $1,190,870 $233,533
Median sold price $190,251 $89,120
Number of sales 3,017,432 54,393
Number of sales over $250k 1,271,384 12,930
Number of sales over $1m 333,285 1,417
Number of sales over $10m 50,330 57
Average total tax amount $6,485 $5,602
Average assessed value $294,387 $107,353
Average market value $346,180 $205,975

Michigan commercial real estate property averages

The average lot size of commercial real estate properties in Michigan is 33,408 sf. This is 26% above the United States average.

Property averages United States Michigan
Average lot size 837,093 sf 1,084,105 sf
Median lot size 25,591 sf 33,408 sf
Average building area 1,314 sf 129 sf
Median building area 60 sf 26 sf
Median year built 1964 1960
Average number of units 21 12
Median number of units 2 --

Michigan commercial real estate total supply

There are 1,310,286 commercial real estate properties in Michigan. This is 190% below the United States average. The total acerage is 33,402,472 acres and the aggregate building area for commercial real estate properties in Michigan is 11,716,671 sf.

Supply United States Michigan
Number of parcels 51,649,673 1,310,286
Aggregate lot acerage 684,518,718 33,402,472
Aggregate building area 7,014,588,098 sf 11,716,671 sf
Aggregate units 92,543,308 1,061,609

Michigan commercial real estate industrial mortgages

There are 224,697 mortgages for commercial real estate properties across Michigan in the Reonomy database. The average value of those mortgages is $39,897,137. This is 128% above the United States average.

Debt United States Michigan
Number of mortgages 16,072,153 224,697
Average value of mortgages $8,735,955 $39,897,137

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