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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14729 White Pine Ridge Ct, Cedar Springs, MI 49319
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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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3001 Hougen Dr, Swartz Creek, MI 48473
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14655 White Pine Ridge Ct, Cedar Springs, MI 49319
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181 Pit Ln, Pontiac, MI 48341
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789 Industrial Cir, Traverse City, MI 49686
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Bergin Rd, Howell, MI 48843
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6222 E Traverse Hwy, Traverse City, MI 49684
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146 Pit Ln, Pontiac, MI 48341
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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 $405,013. Industrial property sale prices in Michigan have a median of $224,166. The last 24 months of sales history has seen 1,586 sales, with 749 sales greater than $250,000, 198 sales valued at over $1,000,000, and 11 sales valued at over $10,000,000. The average price per square foot of industrial properties in Michigan over the last 24 months is $34.
| Values and sold prices (last 24 months) | United States | Michigan |
|---|---|---|
| Average price/sqft | $4,196 | $74 |
| Median price/sqft | $61 | $34 |
| Average sold price | $3,040,547 | $623,402 |
| Median sold price | $490,424 | $224,166 |
| Number of sales | 71,689 | 1,586 |
| Number of sales over $250k | 46,411 | 749 |
| Number of sales over $1m | 25,050 | 198 |
| Number of sales over $10m | 4,118 | 11 |
| Average total tax amount | $23,340 | $17,380 |
| Average assessed value | $990,572 | $405,013 |
| Average market value | $1,038,837 | $809,946 |
Michigan industrial property property averages
The average lot size of industrial properties in Michigan is 60,317 sf. This is 28% 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 | 379,029 sf | 471,467 sf |
| Median lot size | 45,101 sf | 60,317 sf |
| Average building area | 3,018 sf | 43 sf |
| Median building area | 35 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 40,109 industrial properties in Michigan. This is 186% below the United States average. The total acerage is 519,841 acres and the aggregate building area for industrial properties in Michigan is 457,396 sf.
| Supply | United States | Michigan |
|---|---|---|
| Number of parcels | 1,159,796 | 40,109 |
| Aggregate lot acerage | 11,137,108 | 519,841 |
| Aggregate building area | 1,098,078,469 sf | 457,396 sf |
| Aggregate units | 1,548,043 | 18,394 |
Michigan industrial property industrial mortgages
There are 31,244 mortgages for industrial properties across Michigan in the Reonomy database. The average value of those mortgages is $91,133,949. This is 143% above the United States average.
| Debt | United States | Michigan |
|---|---|---|
| Number of mortgages | 1,479,300 | 31,244 |
| Average value of mortgages | $15,123,901 | $91,133,949 |
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