Commercial Real Estate in Michigan

Unlock property data on all 1,367,967 commercial properties in Michigan. Search across 84 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 $1,168 $123
Median price/sqft $119 $51
Average sold price $1,117,563 $245,567
Median sold price $197,971 $93,672
Number of sales 3,902,326 65,197
Number of sales over $250k 1,658,544 16,848
Number of sales over $1m 383,309 1,984
Number of sales over $10m 55,529 65
Average total tax amount $9,284 $5,749
Average assessed value $314,791 $141,868
Average market value $404,300 $284,097

Michigan commercial real estate property averages

Property averages United States Michigan
Average lot size 816,711 sf 1,062,022 sf
Median lot size 24,409 sf 27,060 sf
Average building area 1,096 sf 130 sf
Median building area 77 sf 29 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 58,289,378 1,471,535
Aggregate lot acerage 993,315,409 38,882,552
Aggregate building area 8,102,398,713 sf 12,150,659 sf
Aggregate units 89,960,532 684,610

Michigan commercial real estate industrial mortgages

Debt United States Michigan
Number of mortgages 41,608,360 466,208
Average value of mortgages $5,187,456 $22,380,039

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