Retail Spaces in Detroit | Reonomy

Retail Spaces in Detroit

Unlock property data on 8,973 retail spaces in Detroit. Search through Detroit property records and access full owner contact information to find off-market properties likely to sell, refinance, or renovate. Find recent buyers and sellers.

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Reonomy attracts a large community of Detroit commercial real estate professionals, including brokers, investors, roofers, contractors, appraisers, insurance providers, and more—many of which specialize in retail spaces.

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Detroit retail space sold prices and values

Values and sold prices (last 24 months) United States Michigan Detroit
Average price/sqft -- -- --
Average sold price $1,552,006 $234,857 $111,431
Median sold price $193,770 $30,291 $13,127
Number of sales 219,332 7,575 1,374
Number of sales over $250k 101,076 1,678 175
Number of sales over $1m 48,775 369 28
Number of sales over $10m 4,980 8 --
Average total tax amount $17,058 $11,896 $5,451
Average assessed value $698,380 $236,786 $84,978
Average market value $911,059 $473,711 $170,558

Detroit retail space property averages

Property averages United States Michigan Detroit
Average lot size 498,649 sf 2,564,006 sf 10,991 sf
Median lot size 19,908 sf 16,130 sf 4,792 sf
Average building area -- -- --
Median building area -- -- --
Median year built 1972 1961 1951
Average number of units 16 6 51
Median number of units -- -- 3

Detroit retail space total supply

Supply United States Michigan Detroit
Number of parcels 1,929,401 62,166 8,973
Aggregate lot acerage 37,915,623 12,110,234 1,976
Aggregate building area -- -- --
Aggregate units 7,565,775 63,485 8,210

Detroit retail space industrial mortgages

Debt United States Michigan Detroit
Number of mortgages 2,989,217 66,584 6,549
Average value of mortgages $18,986,670 $14,605,056 $26,400,105

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