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 $388,956. Industrial property sale prices in Michigan have a median of $219,526. The last 24 months of sales history has seen 1,522 sales, with 710 sales greater than $250,000, 171 sales valued at over $1,000,000, and 5 sales valued at over $10,000,000. The average price per square foot of industrial properties in Michigan over the last 24 months is $33.

Values and sold prices (last 24 months) United States Michigan
Average price/sqft $4,287 $68
Median price/sqft $61 $33
Average sold price $2,957,180 $509,086
Median sold price $482,349 $219,526
Number of sales 71,001 1,522
Number of sales over $250k 45,823 710
Number of sales over $1m 24,720 171
Number of sales over $10m 4,025 5
Average total tax amount $23,342 $18,157
Average assessed value $970,151 $388,956
Average market value $822,884 $779,111

Michigan industrial property property averages

The average lot size of industrial properties in Michigan is 60,425 sf. This is 29% 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 376,163 sf 561,739 sf
Median lot size 45,080 sf 60,425 sf
Average building area 2,959 sf 42 sf
Median building area 34 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 39,427 industrial properties in Michigan. This is 186% below the United States average. The total acerage is 586,040 acres and the aggregate building area for industrial properties in Michigan is 435,988 sf.

Supply United States Michigan
Number of parcels 1,156,687 39,427
Aggregate lot acerage 11,296,873 586,040
Aggregate building area 1,076,928,782 sf 435,988 sf
Aggregate units 1,573,767 19,915

Michigan industrial property industrial mortgages

There are 30,564 mortgages for industrial properties across Michigan in the Reonomy database. The average value of those mortgages is $77,622,173. This is 136% above the United States average.

Debt United States Michigan
Number of mortgages 1,425,483 30,564
Average value of mortgages $14,781,658 $77,622,173

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