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.

To access full information start a free trial

Michigan commercial real estate sold prices and values

The average assessed value of commercial real estate properties in Michigan is $107,542. Commercial real estate sale prices in Michigan have a median of $84,360. The last 24 months of sales history has seen 54,033 sales, with 12,390 sales greater than $250,000, 1,354 sales valued at over $1,000,000, and 59 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 $43.

Values and sold prices (last 24 months) United States Michigan
Average price/sqft $1,569 $133
Median price/sqft $101 $43
Average sold price $1,215,213 $230,225
Median sold price $186,304 $84,360
Number of sales 2,886,754 54,033
Number of sales over $250k 1,202,594 12,390
Number of sales over $1m 323,569 1,354
Number of sales over $10m 49,909 59
Average total tax amount $6,520 $5,046
Average assessed value $288,098 $107,542
Average market value $329,971 $206,397

Michigan commercial real estate property averages

The average lot size of commercial real estate properties in Michigan is 33,222 sf. This is 26% above the United States average.

Property averages United States Michigan
Average lot size 841,144 sf 1,148,007 sf
Median lot size 25,552 sf 33,222 sf
Average building area 1,521 sf 129 sf
Median building area 59 sf 26 sf
Median year built 1964 1960
Average number of units 20 12
Median number of units 2 --

Michigan commercial real estate total supply

There are 1,282,219 commercial real estate properties in Michigan. This is 190% below the United States average. The total acerage is 33,868,553 acres and the aggregate building area for commercial real estate properties in Michigan is 11,616,714 sf.

Supply United States Michigan
Number of parcels 51,092,560 1,282,219
Aggregate lot acerage 616,568,166 33,868,553
Aggregate building area 7,966,355,086 sf 11,616,714 sf
Aggregate units 90,620,061 1,057,454

Michigan commercial real estate industrial mortgages

There are 220,649 mortgages for commercial real estate properties across Michigan in the Reonomy database. The average value of those mortgages is $40,515,361. This is 128% above the United States average.

Debt United States Michigan
Number of mortgages 15,805,722 220,649
Average value of mortgages $8,744,434 $40,515,361

To access full information start a free trial