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.
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374 E 64th St, Holland, MI 49423
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280 E 64th St, Holland, MI 49423
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979 Productions Ct, Holland, MI 49423
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14729 White Pine Ridge Ct, Cedar Springs, MI 49319
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4306 S M 37, Grawn, MI 49637
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80 Eagle Mills Rd, Negaunee, MI 49866
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Electric Ave, Byron Center, MI 49315
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1394 Industry Dr, Traverse City, MI 49696
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5352 Broadmoor Ave SE, Kentwood, MI 49512
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1448 Lincoln Ave, Holland, MI 49423
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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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