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 $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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