Retail space in Michigan

Search retail 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 Retail 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 Retail Space.

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Michigan retail space sold prices and values

The average assessed value of retail spaces in Michigan is $99,808. Retail space sale prices in Michigan have a median of $220,000. The last 24 months of sales history has seen 51 sales, with 24 sales greater than $250,000, 2 sales valued at over $1,000,000, and 0 sales valued at over $10,000,000. The average price per square foot of retail spaces in Michigan over the last 24 months is $65.

Values and sold prices (last 24 months) United States Michigan
Average price/sqft $992 $93
Median price/sqft $93 $65
Average sold price $2,023,692 $275,687
Median sold price $297,257 $220,000
Number of sales 2,249 51
Number of sales over $250k 1,237 24
Number of sales over $1m 504 2
Number of sales over $10m 55 --
Average total tax amount $17,577 $3,412
Average assessed value $701,465 $99,808
Average market value $670,403 $169,626

Michigan retail space property averages

The average lot size of retail spaces in Michigan is 10,055 sf. This is 98% below the United States average. The average building area is 36 sf and the median year built is 1957.

Property averages United States Michigan
Average lot size 253,910 sf 432,826 sf
Median lot size 29,495 sf 10,055 sf
Average building area 336 sf 69 sf
Median building area 47 sf 36 sf
Median year built 1974 1957
Average number of units 22 8
Median number of units -- 4

Michigan retail space total supply

There are 1,894 retail spaces in Michigan. This is 191% below the United States average. The total acerage is 9,121 acres and the aggregate building area for retail spaces in Michigan is 60,909 sf.

Supply United States Michigan
Number of parcels 87,186 1,894
Aggregate lot acerage 219,554 9,121
Aggregate building area 7,934,123 sf 60,909 sf
Aggregate units 152,548 355

Michigan retail space industrial mortgages

There are 113 mortgages for retail spaces across Michigan in the Reonomy database. The average value of those mortgages is $5,236,599. This is 47% above the United States average.

Debt United States Michigan
Number of mortgages 6,792 113
Average value of mortgages $3,223,187 $5,236,599

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