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.
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554 Allegan St, Plainwell, MI 49080
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3664 N Us Highway 31 S, Traverse City, MI 49684
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1376 S Lapeer Rd, Lake Orion, MI 48360
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11260 Chicago Dr, Holland, MI 49424
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1615 S Garfield Ave, Traverse City, MI 49686
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1104 E Front St, Traverse City, MI 49686
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10800 Assembly Park Dr, Wixom, MI 48393
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6450 Telegraph Rd, Bloomfield Hills, MI 48301
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331 5th St, Michigan Center, MI 49254
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3100 E West Maple Rd, Commerce Township, MI 48390
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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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