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.
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12170 James St, Holland, MI 49424
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2350 Jolly Oak Rd, Okemos, MI 48864
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49025 Alpha Dr, Wixom, MI 48393
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169 Loop Rd, Commerce Township, MI 48390
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13333 Heritage Pl, Southgate, MI 48195
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5175 28th St SE, Grand Rapids, MI 49512
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22324 Michigan Ave, Dearborn, MI 48124
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3900 Baldwin Rd, Auburn Hills, MI 48326
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15100 N Beck Rd, Plymouth, MI 48170
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2841 Hannah Blvd, East Lansing, MI 48823
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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 $876,744. Hotel property sale prices in Michigan have a median of $314,750. The last 24 months of sales history has seen 30 sales, with 18 sales greater than $250,000, 7 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 $44.
| Values and sold prices (last 24 months) | United States | Michigan |
|---|---|---|
| Average price/sqft | $7,510 | $44 |
| Median price/sqft | $110 | $44 |
| Average sold price | $6,325,917 | $772,703 |
| Median sold price | $1,047,294 | $314,750 |
| Number of sales | 8,842 | 30 |
| Number of sales over $250k | 6,857 | 18 |
| Number of sales over $1m | 4,531 | 7 |
| Number of sales over $10m | 893 | -- |
| Average total tax amount | $80,595 | $42,352 |
| Average assessed value | $3,255,284 | $876,744 |
| Average market value | $3,403,171 | $1,761,172 |
Michigan hotel property property averages
The average lot size of hotel properties in Michigan is 61,066 sf. This is 25% above the United States average. The average building area is 28 sf and the median year built is 1979.
| Property averages | United States | Michigan |
|---|---|---|
| Average lot size | 615,063 sf | 3,106,719 sf |
| Median lot size | 47,462 sf | 61,066 sf |
| Average building area | 6,780 sf | 139 sf |
| Median building area | 72 sf | 28 sf |
| Median year built | 1978 | 1979 |
| Average number of units | 51 | 19 |
| Median number of units | 16 | 4 |
Michigan hotel property total supply
There are 762 hotel properties in Michigan. This is 196% below the United States average. The total acerage is 60,328 acres and the aggregate building area for hotel properties in Michigan is 47,789 sf.
| Supply | United States | Michigan |
|---|---|---|
| Number of parcels | 91,962 | 762 |
| Aggregate lot acerage | 1,359,392 | 60,328 |
| Aggregate building area | 275,281,178 sf | 47,789 sf |
| Aggregate units | 1,371,058 | 2,192 |
Michigan hotel property industrial mortgages
There are 1,091 mortgages for hotel properties across Michigan in the Reonomy database. The average value of those mortgages is $87,390,836. This is 57% above the United States average.
| Debt | United States | Michigan |
|---|---|---|
| Number of mortgages | 206,565 | 1,091 |
| Average value of mortgages | $48,271,507 | $87,390,836 |
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