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 $384,462. Industrial property sale prices in Michigan have a median of $219,368. The last 24 months of sales history has seen 1,561 sales, with 729 sales greater than $250,000, 164 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 $32.

Values and sold prices (last 24 months) United States Michigan
Average price/sqft $4,286 $65
Median price/sqft $61 $32
Average sold price $2,928,657 $480,555
Median sold price $488,954 $219,368
Number of sales 71,201 1,561
Number of sales over $250k 46,202 729
Number of sales over $1m 24,809 164
Number of sales over $10m 3,982 5
Average total tax amount $23,277 $18,453
Average assessed value $965,975 $384,462
Average market value $817,692 $770,130

Michigan industrial property property averages

The average lot size of industrial properties in Michigan is 60,390 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 382,691 sf 562,693 sf
Median lot size 44,917 sf 60,390 sf
Average building area 2,992 sf 41 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 39,257 industrial properties in Michigan. This is 186% below the United States average. The total acerage is 677,124 acres and the aggregate building area for industrial properties in Michigan is 428,205 sf.

Supply United States Michigan
Number of parcels 1,152,646 39,257
Aggregate lot acerage 11,466,580 677,124
Aggregate building area 1,079,775,659 sf 428,205 sf
Aggregate units 1,575,129 20,021

Michigan industrial property industrial mortgages

There are 30,302 mortgages for industrial properties across Michigan in the Reonomy database. The average value of those mortgages is $78,232,993. This is 136% above the United States average.

Debt United States Michigan
Number of mortgages 1,412,168 30,302
Average value of mortgages $14,771,385 $78,232,993

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