Commercial Real Estate in Michigan | Reonomy

Commercial Real Estate in Michigan

Unlock property data on all 1,371,259 commercial properties in Michigan. Search across 83 counties to find the Michigan property records you need, and get in touch with Commercial Real Estate owners in any market. Discover off-market properties likely to sell, refinance, or renovate, or find recent buyers and sellers.

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Popular searches around Michigan

Reonomy attracts a large community of Michigan commercial real estate professionals, including brokers, investors, roofers, contractors, appraisers, insurance providers, and more—many of which specialize in commercial properties.

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Michigan commercial real estate sold prices and values

Values and sold prices (last 24 months) United States Michigan
Average price/sqft $909 $2,216
Average sold price $1,037,796 $247,061
Median sold price $196,975 $95,545
Number of sales 3,594,235 59,444
Number of sales over $250k 1,522,457 15,506
Number of sales over $1m 344,082 1,836
Number of sales over $10m 46,755 59
Average total tax amount $7,065 $4,243
Average assessed value $252,208 $104,345
Average market value $356,366 $206,514

Michigan commercial real estate property averages

Property averages United States Michigan
Average lot size 816,546 sf 1,081,513 sf
Median lot size 24,460 sf 27,106 sf
Average building area 1,078 sf 128 sf
Median building area 77 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

Supply United States Michigan
Number of parcels 58,466,290 1,472,948
Aggregate lot acerage 1,006,250,046 39,852,878
Aggregate building area 8,055,341,670 sf 12,207,174 sf
Aggregate units 90,014,181 698,484

Michigan commercial real estate industrial mortgages

Debt United States Michigan
Number of mortgages 41,925,990 471,874
Average value of mortgages $5,197,811 $22,174,833

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