Commercial Real Estate in Detroit | Reonomy

Commercial Real Estate in Detroit

Unlock property data on 132,762 commercial properties in Detroit. Search through Detroit property records and access full owner contact information to find off-market properties likely to sell, refinance, or renovate. Find recent buyers and sellers.

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Detroit commercial real estate sold prices and values

Values and sold prices (last 24 months) United States Michigan Detroit
Average price/sqft -- -- --
Average sold price $710,435 $159,978 $132,136
Median sold price $120,206 $17,892 --
Number of sales 5,053,440 113,224 8,830
Number of sales over $250k 1,753,183 17,985 726
Number of sales over $1m 361,794 2,034 259
Number of sales over $10m 49,314 81 5
Average total tax amount $9,455 $5,839 $3,965
Average assessed value $232,236 $101,919 $76,749
Average market value $312,568 $203,245 $153,499

Detroit commercial real estate property averages

Property averages United States Michigan Detroit
Average lot size 827,781 sf 1,148,650 sf 22,623 sf
Median lot size 24,603 sf 29,360 sf 3,920 sf
Average building area -- -- --
Median building area -- -- --
Median year built 1972 1960 1940
Average number of units 18 16 40
Median number of units 2 2 8

Detroit commercial real estate total supply

Supply United States Michigan Detroit
Number of parcels 230,492,326 1,519,334 137,707
Aggregate lot acerage 868,031,184 57,530,429 530,596
Aggregate building area -- -- --
Aggregate units 106,161,981 892,256 78,094

Detroit commercial real estate industrial mortgages

Debt United States Michigan Detroit
Number of mortgages 42,182,798 481,318 30,646
Average value of mortgages $5,778,525 $22,818,542 $48,039,606

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