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 $442,706. Industrial property sale prices in Michigan have a median of $249,500. The last 24 months of sales history has seen 1,525 sales, with 762 sales greater than $250,000, 188 sales valued at over $1,000,000, and 13 sales valued at over $10,000,000. The average price per square foot of industrial properties in Michigan over the last 24 months is $35.

Values and sold prices (last 24 months) United States Michigan
Average price/sqft $5,201 $69
Median price/sqft $62 $35
Average sold price $3,100,038 $662,670
Median sold price $485,355 $249,500
Number of sales 74,294 1,525
Number of sales over $250k 47,841 762
Number of sales over $1m 25,976 188
Number of sales over $10m 4,212 13
Average total tax amount $23,763 $22,063
Average assessed value $1,020,881 $442,706
Average market value $1,071,150 $882,305

Michigan industrial property property averages

The average lot size of industrial properties in Michigan is 65,778 sf. This is 37% above the United States average. The average building area is 17 sf and the median year built is 1975.

Property averages United States Michigan
Average lot size 387,877 sf 470,947 sf
Median lot size 45,212 sf 65,778 sf
Average building area 3,157 sf 41 sf
Median building area 35 sf 17 sf
Median year built 1980 1975
Average number of units 9 4
Median number of units -- --

Michigan industrial property total supply

There are 38,969 industrial properties in Michigan. This is 187% below the United States average. The total acerage is 513,313 acres and the aggregate building area for industrial properties in Michigan is 441,827 sf.

Supply United States Michigan
Number of parcels 1,176,545 38,969
Aggregate lot acerage 11,769,351 513,313
Aggregate building area 1,184,903,264 sf 441,827 sf
Aggregate units 1,580,236 20,848

Michigan industrial property industrial mortgages

There are 31,585 mortgages for industrial properties across Michigan in the Reonomy database. The average value of those mortgages is $90,880,102. This is 142% above the United States average.

Debt United States Michigan
Number of mortgages 1,523,296 31,585
Average value of mortgages $15,160,265 $90,880,102

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