Hotel Properties in Michigan | Reonomy

Hotel Properties in Michigan

Unlock property data on all 760 hotel properties in Michigan. Search across 83 counties to find the Michigan property records you need, and get in touch with Hotel Property owners in any market. Discover off-market properties likely to sell, refinance, or renovate, or find recent buyers and sellers.

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Popular searches around Michigan

Reonomy attracts a large community of Michigan commercial real estate professionals, including brokers, investors, roofers, contractors, appraisers, insurance providers, and more—many of which specialize in hotel properties.

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Michigan hotel property sold prices and values

Values and sold prices (last 24 months) United States Michigan
Average price/sqft $766 $10,868
Average sold price $6,119,712 $577,942
Median sold price $1,127,930 $375,000
Number of sales 7,797 26
Number of sales over $250k 5,937 17
Number of sales over $1m 4,087 5
Number of sales over $10m 777 --
Average total tax amount $77,769 $47,243
Average assessed value $3,400,101 $1,262,696
Average market value $4,490,211 $2,525,393

Michigan hotel property property averages

Property averages United States Michigan
Average lot size 600,187 sf 1,325,427 sf
Median lot size 47,942 sf 65,558 sf
Average building area 6,621 sf 117 sf
Median building area 75 sf 30 sf
Median year built 1978 1985
Average number of units 51 10
Median number of units 16 4

Michigan hotel property total supply

Supply United States Michigan
Number of parcels 94,049 778
Aggregate lot acerage 1,330,442 17,465
Aggregate building area 276,013,115 sf 39,187 sf
Aggregate units 1,437,041 1,090

Michigan hotel property industrial mortgages

Debt United States Michigan
Number of mortgages 224,848 1,177
Average value of mortgages $46,400,006 $134,109,648

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