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 $387,325.

Values and sold prices (last 24 months) United States Michigan
Average price/sqft $317 --
Median price/sqft $159 --
Average sold price $756,994 --
Median sold price $119,515 --
Number of sales 1,149 --
Number of sales over $250k 343 --
Number of sales over $1m 112 --
Number of sales over $10m 12 --
Average total tax amount $18,619 $16,206
Average assessed value $875,521 $387,325
Average market value $921,903 $679,010

Michigan hotel property property averages

The average lot size of hotel properties in Michigan is 47,676 sf. This is 90% above the United States average.

Property averages United States Michigan
Average lot size 92,242 sf 122,684 sf
Median lot size 17,964 sf 47,676 sf
Average building area 4,082 sf 6 sf
Median building area 176 sf --
Median year built 1988 1996
Average number of units 80 32
Median number of units -- 31

Michigan hotel property total supply

There are 279 hotel properties in Michigan. This is 194% below the United States average. The total acerage is 45 acres and the aggregate building area for hotel properties in Michigan is 318 sf.

Supply United States Michigan
Number of parcels 18,590 279
Aggregate lot acerage 12,153 45
Aggregate building area 39,699,466 sf 318 sf
Aggregate units 320,460 130

Michigan hotel property industrial mortgages

There are 3 mortgages for hotel properties across Michigan in the Reonomy database. The average value of those mortgages is $120,199,970. This is 181% above the United States average.

Debt United States Michigan
Number of mortgages 1,218 3
Average value of mortgages $5,976,404 $120,199,970

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