Industrial property in Michigan

Search industrial 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 Industrial 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 Industrial Property.

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Michigan industrial property sold prices and values

The average assessed value of industrial properties in Michigan is $405,013. Industrial property sale prices in Michigan have a median of $224,166. The last 24 months of sales history has seen 1,586 sales, with 749 sales greater than $250,000, 198 sales valued at over $1,000,000, and 11 sales valued at over $10,000,000. The average price per square foot of industrial properties in Michigan over the last 24 months is $34.

Values and sold prices (last 24 months) United States Michigan
Average price/sqft $4,196 $74
Median price/sqft $61 $34
Average sold price $3,040,547 $623,402
Median sold price $490,424 $224,166
Number of sales 71,689 1,586
Number of sales over $250k 46,411 749
Number of sales over $1m 25,050 198
Number of sales over $10m 4,118 11
Average total tax amount $23,340 $17,380
Average assessed value $990,572 $405,013
Average market value $1,038,837 $809,946

Michigan industrial property property averages

The average lot size of industrial properties in Michigan is 60,317 sf. This is 28% above the United States average. The average building area is 17 sf and the median year built is 1974.

Property averages United States Michigan
Average lot size 379,029 sf 471,467 sf
Median lot size 45,101 sf 60,317 sf
Average building area 3,018 sf 43 sf
Median building area 35 sf 17 sf
Median year built 1980 1974
Average number of units 9 4
Median number of units -- --

Michigan industrial property total supply

There are 40,109 industrial properties in Michigan. This is 186% below the United States average. The total acerage is 519,841 acres and the aggregate building area for industrial properties in Michigan is 457,396 sf.

Supply United States Michigan
Number of parcels 1,159,796 40,109
Aggregate lot acerage 11,137,108 519,841
Aggregate building area 1,098,078,469 sf 457,396 sf
Aggregate units 1,548,043 18,394

Michigan industrial property industrial mortgages

There are 31,244 mortgages for industrial properties across Michigan in the Reonomy database. The average value of those mortgages is $91,133,949. This is 143% above the United States average.

Debt United States Michigan
Number of mortgages 1,479,300 31,244
Average value of mortgages $15,123,901 $91,133,949

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