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 $143,481. Commercial real estate sale prices in Michigan have a median of $90,984. The last 24 months of sales history has seen 64,634 sales, with 16,307 sales greater than $250,000, 1,839 sales valued at over $1,000,000, and 65 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 $1,414 $138
Median price/sqft $116 $50
Average sold price $1,182,492 $239,676
Median sold price $193,952 $90,984
Number of sales 3,924,050 64,634
Number of sales over $250k 1,648,089 16,307
Number of sales over $1m 393,899 1,839
Number of sales over $10m 59,129 65
Average total tax amount $6,007 $5,216
Average assessed value $308,479 $143,481
Average market value $389,707 $286,585

Michigan commercial real estate property averages

The average lot size of commercial real estate properties in Michigan is 30,976 sf. This is 23% above the United States average.

Property averages United States Michigan
Average lot size 818,720 sf 1,081,560 sf
Median lot size 24,562 sf 30,976 sf
Average building area 1,166 sf 137 sf
Median building area 74 sf 29 sf
Median year built 1970 1959
Average number of units 16 14
Median number of units 2 2

Michigan commercial real estate total supply

There are 1,416,521 commercial real estate properties in Michigan. This is 190% below the United States average. The total acerage is 36,481,930 acres and the aggregate building area for commercial real estate properties in Michigan is 11,877,224 sf.

Supply United States Michigan
Number of parcels 57,574,886 1,416,521
Aggregate lot acerage 900,770,598 36,481,930
Aggregate building area 8,205,691,017 sf 11,877,224 sf
Aggregate units 87,745,593 667,099

Michigan commercial real estate industrial mortgages

There are 437,778 mortgages for commercial real estate properties across Michigan in the Reonomy database. The average value of those mortgages is $23,493,190. This is 127% above the United States average.

Debt United States Michigan
Number of mortgages 39,848,711 437,778
Average value of mortgages $5,223,655 $23,493,190

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