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 $227,952. Retail space sale prices in Michigan have a median of $107,688. The last 24 months of sales history has seen 2,540 sales, with 741 sales greater than $250,000, 166 sales valued at over $1,000,000, and 5 sales valued at over $10,000,000. The average price per square foot of retail spaces in Michigan over the last 24 months is $38.

Values and sold prices (last 24 months) United States Michigan
Average price/sqft $600 $92
Median price/sqft $82 $38
Average sold price $2,961,862 $326,850
Median sold price $343,008 $107,688
Number of sales 112,258 2,540
Number of sales over $250k 64,430 741
Number of sales over $1m 31,669 166
Number of sales over $10m 4,767 5
Average total tax amount $20,069 $10,073
Average assessed value $808,175 $227,952
Average market value $942,419 $454,295

Michigan retail space property averages

The average lot size of retail spaces in Michigan is 12,170 sf. This is 47% below the United States average. The average building area is 27 sf and the median year built is 1958.

Property averages United States Michigan
Average lot size 461,261 sf 1,013,542 sf
Median lot size 19,850 sf 12,170 sf
Average building area 787 sf 72 sf
Median building area 56 sf 27 sf
Median year built 1972 1958
Average number of units 11 6
Median number of units -- --

Michigan retail space total supply

There are 33,657 retail spaces in Michigan. This is 190% below the United States average. The total acerage is 722,396 acres and the aggregate building area for retail spaces in Michigan is 1,126,440 sf.

Supply United States Michigan
Number of parcels 1,456,042 33,657
Aggregate lot acerage 47,669,012 722,396
Aggregate building area 499,165,605 sf 1,126,440 sf
Aggregate units 3,590,824 33,283

Michigan retail space industrial mortgages

There are 30,594 mortgages for retail spaces across Michigan in the Reonomy database. The average value of those mortgages is $17,366,080. This is 13% above the United States average.

Debt United States Michigan
Number of mortgages 2,102,203 30,594
Average value of mortgages $15,108,917 $17,366,080

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