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 $143,074. Commercial real estate sale prices in Michigan have a median of $93,924. The last 24 months of sales history has seen 63,987 sales, with 16,442 sales greater than $250,000, 1,904 sales valued at over $1,000,000, and 63 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 $51.

Values and sold prices (last 24 months) United States Michigan
Average price/sqft $1,383 $123
Median price/sqft $117 $51
Average sold price $1,121,868 $244,827
Median sold price $194,933 $93,924
Number of sales 3,907,581 63,987
Number of sales over $250k 1,646,046 16,442
Number of sales over $1m 386,972 1,904
Number of sales over $10m 55,955 63
Average total tax amount $5,932 $5,710
Average assessed value $307,063 $143,074
Average market value $388,212 $285,738

Michigan commercial real estate property averages

The average lot size of commercial real estate properties in Michigan is 30,839 sf. This is 22% above the United States average.

Property averages United States Michigan
Average lot size 816,877 sf 1,075,689 sf
Median lot size 24,485 sf 30,839 sf
Average building area 1,138 sf 135 sf
Median building area 75 sf 29 sf
Median year built 1970 1960
Average number of units 16 14
Median number of units 2 2

Michigan commercial real estate total supply

There are 1,430,360 commercial real estate properties in Michigan. This is 190% below the United States average. The total acerage is 36,585,833 acres and the aggregate building area for commercial real estate properties in Michigan is 11,756,938 sf.

Supply United States Michigan
Number of parcels 57,794,383 1,430,360
Aggregate lot acerage 958,727,945 36,585,833
Aggregate building area 8,137,453,512 sf 11,756,938 sf
Aggregate units 87,698,106 679,124

Michigan commercial real estate industrial mortgages

There are 447,987 mortgages for commercial real estate properties across Michigan in the Reonomy database. The average value of those mortgages is $23,065,357. This is 126% above the United States average.

Debt United States Michigan
Number of mortgages 40,416,466 447,987
Average value of mortgages $5,210,072 $23,065,357

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