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 $927 $1,962
Average sold price $1,032,380 $245,771
Median sold price $196,700 $95,451
Number of sales 3,733,633 61,790
Number of sales over $250k 1,581,467 16,101
Number of sales over $1m 359,353 1,912
Number of sales over $10m 48,908 59
Average total tax amount $7,081 $4,341
Average assessed value $252,824 $105,661
Average market value $357,265 $209,158

Michigan commercial real estate property averages

Property averages United States Michigan
Average lot size 816,594 sf 1,081,492 sf
Median lot size 24,509 sf 27,137 sf
Average building area 1,077 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 1,006,409,685 39,853,008
Aggregate building area 8,055,383,228 sf 12,207,211 sf
Aggregate units 90,025,159 698,485

Michigan commercial real estate industrial mortgages

Debt United States Michigan
Number of mortgages 41,927,940 471,876
Average value of mortgages $5,197,708 $22,174,756

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