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 $216,894. Retail space sale prices in Michigan have a median of $100,000. The last 24 months of sales history has seen 2,368 sales, with 661 sales greater than $250,000, 144 sales valued at over $1,000,000, and 3 sales valued at over $10,000,000. The average price per square foot of retail spaces in Michigan over the last 24 months is $37.

Values and sold prices (last 24 months) United States Michigan
Average price/sqft $681 $206
Median price/sqft $83 $37
Average sold price $2,866,904 $464,979
Median sold price $343,622 $100,000
Number of sales 111,611 2,368
Number of sales over $250k 64,130 661
Number of sales over $1m 31,451 144
Number of sales over $10m 4,741 3
Average total tax amount $20,165 $10,643
Average assessed value $800,110 $216,894
Average market value $780,855 $434,133

Michigan retail space property averages

The average lot size of retail spaces in Michigan is 11,911 sf. This is 49% 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 490,833 sf 1,673,492 sf
Median lot size 19,849 sf 11,911 sf
Average building area 797 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 32,638 retail spaces in Michigan. This is 191% below the United States average. The total acerage is 1,771,475 acres and the aggregate building area for retail spaces in Michigan is 1,333,640 sf.

Supply United States Michigan
Number of parcels 1,449,918 32,638
Aggregate lot acerage 47,090,120 1,771,475
Aggregate building area 503,381,035 sf 1,333,640 sf
Aggregate units 3,527,094 35,172

Michigan retail space industrial mortgages

There are 29,232 mortgages for retail spaces across Michigan in the Reonomy database. The average value of those mortgages is $15,789,934. This is 3% above the United States average.

Debt United States Michigan
Number of mortgages 2,016,404 29,232
Average value of mortgages $15,184,059 $15,789,934

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