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 $908 $2,150
Average sold price $1,082,211 $247,748
Median sold price $198,569 $95,246
Number of sales 2,792,236 46,819
Number of sales over $250k 1,189,680 12,318
Number of sales over $1m 269,060 1,468
Number of sales over $10m 36,917 55
Average total tax amount $7,139 $4,127
Average assessed value $251,540 $102,666
Average market value $356,178 $203,182

Michigan commercial real estate property averages

Property averages United States Michigan
Average lot size -- 1,081,552 sf
Median lot size -- 27,103 sf
Average building area -- 128 sf
Median building area -- 28 sf
Median year built -- 1959
Average number of units -- 14
Median number of units -- 2

Michigan commercial real estate total supply

Supply United States Michigan
Number of parcels 58,466,290 1,472,948
Aggregate lot acerage -- 39,850,399
Aggregate building area -- 12,206,346 sf
Aggregate units -- 698,445

Michigan commercial real estate industrial mortgages

Debt United States Michigan
Number of mortgages -- 471,855
Average value of mortgages -- $22,175,027

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