Hotel property in Michigan

Search hotel property 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 Hotel Property 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 Hotel Property.

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Michigan hotel property sold prices and values

The average assessed value of hotel properties in Michigan is $773,710. Hotel property sale prices in Michigan have a median of $364,750. The last 24 months of sales history has seen 20 sales, with 14 sales greater than $250,000, 2 sales valued at over $1,000,000, and 0 sales valued at over $10,000,000. The average price per square foot of hotel properties in Michigan over the last 24 months is $45.

Values and sold prices (last 24 months) United States Michigan
Average price/sqft $7,467 $50
Median price/sqft $113 $45
Average sold price $6,524,869 $654,975
Median sold price $1,098,767 $364,750
Number of sales 8,661 20
Number of sales over $250k 6,577 14
Number of sales over $1m 4,495 2
Number of sales over $10m 892 --
Average total tax amount $80,293 $36,728
Average assessed value $3,324,124 $773,710
Average market value $4,295,638 $1,543,340

Michigan hotel property property averages

The average lot size of hotel properties in Michigan is 66,182 sf. This is 33% above the United States average. The average building area is 39 sf and the median year built is 1988.

Property averages United States Michigan
Average lot size 600,555 sf 1,787,301 sf
Median lot size 47,270 sf 66,182 sf
Average building area 6,730 sf 192 sf
Median building area 74 sf 39 sf
Median year built 1978 1988
Average number of units 51 10
Median number of units 16 4

Michigan hotel property total supply

There are 572 hotel properties in Michigan. This is 197% below the United States average. The total acerage is 16,453 acres and the aggregate building area for hotel properties in Michigan is 44,608 sf.

Supply United States Michigan
Number of parcels 92,381 572
Aggregate lot acerage 1,159,686 16,453
Aggregate building area 274,897,203 sf 44,608 sf
Aggregate units 1,366,877 1,122

Michigan hotel property industrial mortgages

There are 716 mortgages for hotel properties across Michigan in the Reonomy database. The average value of those mortgages is $92,894,814. This is 65% above the United States average.

Debt United States Michigan
Number of mortgages 216,476 716
Average value of mortgages $46,836,937 $92,894,814

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