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 $216,830. Retail space sale prices in Michigan have a median of $100,324. The last 24 months of sales history has seen 2,373 sales, with 684 sales greater than $250,000, 146 sales valued at over $1,000,000, and 7 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 $661 $210
Median price/sqft $82 $38
Average sold price $2,864,376 $493,330
Median sold price $341,587 $100,324
Number of sales 111,347 2,373
Number of sales over $250k 63,733 684
Number of sales over $1m 31,299 146
Number of sales over $10m 4,741 7
Average total tax amount $20,250 $10,593
Average assessed value $800,936 $216,830
Average market value $783,701 $434,004

Michigan retail space property averages

The average lot size of retail spaces in Michigan is 11,869 sf. This is 50% 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 472,238 sf 1,668,324 sf
Median lot size 19,899 sf 11,869 sf
Average building area 602 sf 88 sf
Median building area 55 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 32,656 retail spaces in Michigan. This is 191% below the United States average. The total acerage is 1,771,644 acres and the aggregate building area for retail spaces in Michigan is 1,336,053 sf.

Supply United States Michigan
Number of parcels 1,453,840 32,656
Aggregate lot acerage 46,143,441 1,771,644
Aggregate building area 382,834,476 sf 1,336,053 sf
Aggregate units 3,568,924 35,175

Michigan retail space industrial mortgages

There are 29,517 mortgages for retail spaces across Michigan in the Reonomy database. The average value of those mortgages is $15,767,704. This is 3% above the United States average.

Debt United States Michigan
Number of mortgages 2,028,743 29,517
Average value of mortgages $15,236,442 $15,767,704

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