Commercial real estate in Detroit

Search commercial real estate records in Detroit 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 Detroit 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 Detroit

Reonomy operates the most comprehensive database for Detroit 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 Detroit commercial real estate professionals. Members from Detroit include brokers, investors and service providers, many of whom specialize in Detroit Commercial Real Estate.

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Detroit commercial real estate sold prices and values

The average assessed value of commercial real estate properties in Detroit is $78,200. Commercial real estate sale prices in Detroit have a median of $26,354. The last 24 months of sales history has seen 4,106 sales, with 787 sales greater than $250,000, 309 sales valued at over $1,000,000, and 6 sales valued at over $10,000,000. The average price per square foot of commercial real estate properties in Detroit over the last 24 months is $14.

Values and sold prices (last 24 months) United States Michigan Detroit
Average price/sqft $1,383 $123 $222
Median price/sqft $117 $51 $14
Average sold price $1,121,868 $244,827 $282,700
Median sold price $194,935 $94,076 $26,354
Number of sales 3,907,581 63,987 4,106
Number of sales over $250k 1,646,046 16,442 787
Number of sales over $1m 386,972 1,904 309
Number of sales over $10m 55,955 63 6
Average total tax amount $5,932 $5,710 $4,418
Average assessed value $307,066 $143,074 $78,200
Average market value $388,214 $285,738 $156,400

Detroit commercial real estate property averages

The average lot size of commercial real estate properties in Detroit is 3,920 sf. This is 154% below the Michigan average.

Property averages United States Michigan Detroit
Average lot size 816,882 sf 1,075,686 sf 15,171 sf
Median lot size 24,485 sf 30,903 sf 3,920 sf
Average building area 1,138 sf 135 sf 85 sf
Median building area 75 sf 29 sf 7 sf
Median year built 1970 1960 1941
Average number of units 16 14 36
Median number of units 2 2 8

Detroit commercial real estate total supply

There are 108,098 commercial real estate properties in Detroit. This is 171% below the Michigan average. The total acerage is 504,294 acres and the aggregate building area for commercial real estate properties in Detroit is 1,088,496 sf.

Supply United States Michigan Detroit
Number of parcels 57,794,383 1,430,360 108,098
Aggregate lot acerage 958,750,430 36,585,834 504,294
Aggregate building area 8,137,456,057 sf 11,756,938 sf 1,088,496 sf
Aggregate units 87,699,574 679,124 62,908

Detroit commercial real estate industrial mortgages

There are 26,781 mortgages for commercial real estate properties across Detroit in the Reonomy database. The average value of those mortgages is $49,897,186. This is 73% above the Michigan average.

Debt United States Michigan Detroit
Number of mortgages 40,416,832 447,987 26,781
Average value of mortgages $5,210,150 $23,065,357 $49,897,186

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