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 $268,123. Industrial property sale prices in Michigan have a median of $500,000. The last 24 months of sales history has seen 35 sales, with 26 sales greater than $250,000, 6 sales valued at over $1,000,000, and 0 sales valued at over $10,000,000. The average price per square foot of industrial properties in Michigan over the last 24 months is $64.

Values and sold prices (last 24 months) United States Michigan
Average price/sqft $3,943 $223
Median price/sqft $54 $64
Average sold price $1,802,276 $1,018,855
Median sold price $231,409 $500,000
Number of sales 1,636 35
Number of sales over $250k 781 26
Number of sales over $1m 336 6
Number of sales over $10m 48 --
Average total tax amount $21,774 $11,923
Average assessed value $800,408 $268,123
Average market value $730,709 $290,357

Michigan industrial property property averages

The average lot size of industrial properties in Michigan is 66,744 sf. This is 13% below the United States average. The average building area is 11 sf and the median year built is 1964.

Property averages United States Michigan
Average lot size 718,198 sf 1,120,579 sf
Median lot size 76,096 sf 66,744 sf
Average building area 546 sf 52 sf
Median building area 25 sf 11 sf
Median year built 1981 1964
Average number of units 5 19
Median number of units -- --

Michigan industrial property total supply

There are 4,486 industrial properties in Michigan. This is 185% below the United States average. The total acerage is 388,885 acres and the aggregate building area for industrial properties in Michigan is 21,315 sf.

Supply United States Michigan
Number of parcels 115,758 4,486
Aggregate lot acerage 640,216 388,885
Aggregate building area 7,226,262 sf 21,315 sf
Aggregate units 17,364 696

Michigan industrial property industrial mortgages

There are 140 mortgages for industrial properties across Michigan in the Reonomy database. The average value of those mortgages is $1,259,271. This is 62% below the United States average.

Debt United States Michigan
Number of mortgages 4,404 140
Average value of mortgages $2,392,995 $1,259,271

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