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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859 Interchange Dr, Holland, MI 49423
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2000 Randolph St, Traverse City, MI 49684
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1563 Lincoln Rd, Allegan, MI 49010
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542 Allegan St, Plainwell, MI 49080
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9620 W Cleveland Ave, Baroda, MI 49101
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1020 Miller Rd, Plainwell, MI 49080
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1563 Lincoln Rd, Allegan, MI 49010
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3664 N Us Highway 31 S, Traverse City, MI 49684
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1564 Lincoln Rd, Allegan, MI 49010
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3088 S Dye Rd, Flint, MI 48507
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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 $311,631. Retail space sale prices in Michigan have a median of $170,195. The last 24 months of sales history has seen 1,327 sales, with 508 sales greater than $250,000, 117 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 $49.
| Values and sold prices (last 24 months) | United States | Michigan |
|---|---|---|
| Average price/sqft | $667 | $114 |
| Median price/sqft | $84 | $49 |
| Average sold price | $3,036,599 | $444,856 |
| Median sold price | $349,758 | $170,195 |
| Number of sales | 113,142 | 1,327 |
| Number of sales over $250k | 65,582 | 508 |
| Number of sales over $1m | 32,236 | 117 |
| Number of sales over $10m | 4,648 | 5 |
| Average total tax amount | $20,535 | $14,147 |
| Average assessed value | $830,051 | $311,631 |
| Average market value | $953,076 | $604,901 |
Michigan retail space property averages
The average lot size of retail spaces in Michigan is 22,056 sf. This is 8% above the United States average. The average building area is 34 sf and the median year built is 1969.
| Property averages | United States | Michigan |
|---|---|---|
| Average lot size | 486,084 sf | 1,611,461 sf |
| Median lot size | 20,194 sf | 22,056 sf |
| Average building area | 604 sf | 79 sf |
| Median building area | 57 sf | 34 sf |
| Median year built | 1972 | 1969 |
| Average number of units | 11 | 5 |
| Median number of units | -- | -- |
Michigan retail space total supply
There are 21,039 retail spaces in Michigan. This is 194% below the United States average. The total acerage is 702,677 acres and the aggregate building area for retail spaces in Michigan is 751,114 sf.
| Supply | United States | Michigan |
|---|---|---|
| Number of parcels | 1,444,589 | 21,039 |
| Aggregate lot acerage | 49,422,268 | 702,677 |
| Aggregate building area | 382,769,412 sf | 751,114 sf |
| Aggregate units | 3,619,903 | 30,821 |
Michigan retail space industrial mortgages
There are 21,508 mortgages for retail spaces across Michigan in the Reonomy database. The average value of those mortgages is $14,092,991. This is 5% below the United States average.
| Debt | United States | Michigan |
|---|---|---|
| Number of mortgages | 2,129,677 | 21,508 |
| Average value of mortgages | $14,952,213 | $14,092,991 |
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