Office space in Michigan

Search office space 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 Office Space 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 Office Space.

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Michigan office space sold prices and values

The average assessed value of office spaces in Michigan is $195,393. Office space sale prices in Michigan have a median of $175,000. The last 24 months of sales history has seen 24 sales, with 7 sales greater than $250,000, 0 sales valued at over $1,000,000, and 0 sales valued at over $10,000,000. The average price per square foot of office spaces in Michigan over the last 24 months is $73.

Values and sold prices (last 24 months) United States Michigan
Average price/sqft $303 $115
Median price/sqft $132 $73
Average sold price $1,312,022 $274,187
Median sold price $258,446 $175,000
Number of sales 2,939 24
Number of sales over $250k 1,512 7
Number of sales over $1m 416 --
Number of sales over $10m 57 --
Average total tax amount $20,532 $9,346
Average assessed value $635,554 $195,393
Average market value $674,727 $377,273

Michigan office space property averages

The average lot size of office spaces in Michigan is 11,178 sf. This is 76% below the United States average. The average building area is 53 sf and the median year built is 1958.

Property averages United States Michigan
Average lot size 343,172 sf 2,884,627 sf
Median lot size 24,917 sf 11,178 sf
Average building area 441 sf 124 sf
Median building area 101 sf 53 sf
Median year built 1986 1958
Average number of units 53 73
Median number of units 10 5

Michigan office space total supply

There are 698 office spaces in Michigan. This is 196% below the United States average. The total acerage is 366,536 acres and the aggregate building area for office spaces in Michigan is 37,997 sf.

Supply United States Michigan
Number of parcels 77,859 698
Aggregate lot acerage 473,688 366,536
Aggregate building area 11,043,096 sf 37,997 sf
Aggregate units 848,825 5,261

Michigan office space industrial mortgages

There are 43 mortgages for office spaces across Michigan in the Reonomy database. The average value of those mortgages is $918,955. This is 53% below the United States average.

Debt United States Michigan
Number of mortgages 9,637 43
Average value of mortgages $1,595,184 $918,955

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