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 $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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