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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10595 Watson Rd, Williamsburg, MI 49690
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414 W Broadway Ave, Muskegon Heights, MI 49444
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1600 Stieve Dr, South Haven, MI 49090
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1021 E 40th St, Holland, MI 49423
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5860 Belleville Rd, Van Buren Twp, MI 48111
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3201 E Industrial Dr, Iron Mountain, MI 49801
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N 12th St, Plainwell, MI 49080
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5346 36th St SE, Grand Rapids, MI 49512
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2621 Division Ave S, Grand Rapids, MI 49507
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960 Productions Ct, 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 $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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