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 $107,930. Commercial real estate sale prices in Michigan have a median of $89,976. The last 24 months of sales history has seen 64,454 sales, with 15,971 sales greater than $250,000, 1,741 sales valued at over $1,000,000, and 58 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 $50.

Values and sold prices (last 24 months) United States Michigan
Average price/sqft $1,344 $140
Median price/sqft $115 $50
Average sold price $1,162,392 $231,553
Median sold price $191,998 $89,976
Number of sales 3,863,764 64,454
Number of sales over $250k 1,613,612 15,971
Number of sales over $1m 389,810 1,741
Number of sales over $10m 58,005 58
Average total tax amount $5,906 $4,972
Average assessed value $273,998 $107,930
Average market value $321,055 $216,331

Michigan commercial real estate property averages

The average lot size of commercial real estate properties in Michigan is 31,282 sf. This is 23% above the United States average.

Property averages United States Michigan
Average lot size 819,071 sf 1,086,981 sf
Median lot size 24,648 sf 31,282 sf
Average building area 1,164 sf 140 sf
Median building area 73 sf 28 sf
Median year built 1970 1959
Average number of units 16 13
Median number of units 2 2

Michigan commercial real estate total supply

There are 1,409,701 commercial real estate properties in Michigan. This is 190% below the United States average. The total acerage is 36,374,565 acres and the aggregate building area for commercial real estate properties in Michigan is 11,566,582 sf.

Supply United States Michigan
Number of parcels 57,284,908 1,409,701
Aggregate lot acerage 882,572,415 36,374,565
Aggregate building area 8,038,749,161 sf 11,566,582 sf
Aggregate units 87,803,046 629,118

Michigan commercial real estate industrial mortgages

There are 420,086 mortgages for commercial real estate properties across Michigan in the Reonomy database. The average value of those mortgages is $24,110,752. This is 128% above the United States average.

Debt United States Michigan
Number of mortgages 38,333,456 420,086
Average value of mortgages $5,270,760 $24,110,752

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