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 $901 $2,122
Average sold price $1,040,193 $239,290
Median sold price $197,719 $95,610
Number of sales 3,467,676 57,387
Number of sales over $250k 1,471,021 14,943
Number of sales over $1m 331,728 1,696
Number of sales over $10m 44,553 56
Average total tax amount $7,047 $4,179
Average assessed value $252,055 $103,439
Average market value $355,886 $204,719

Michigan commercial real estate property averages

Property averages United States Michigan
Average lot size 816,547 sf 1,081,516 sf
Median lot size 24,451 sf 27,100 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 1,006,172,965 39,852,443
Aggregate building area 8,055,272,149 sf 12,207,174 sf
Aggregate units 90,008,311 698,484

Michigan commercial real estate industrial mortgages

Debt United States Michigan
Number of mortgages 41,924,523 471,874
Average value of mortgages $5,197,370 $22,174,833

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