Self storage property in Michigan

Search self storage property 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 Self Storage Property 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 Self Storage Property.

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Michigan self storage property sold prices and values

The average assessed value of self storage properties in Michigan is $277,013. Self storage property sale prices in Michigan have a median of $125,000. The last 24 months of sales history has seen 84 sales, with 28 sales greater than $250,000, 9 sales valued at over $1,000,000, and 0 sales valued at over $10,000,000. The average price per square foot of self storage properties in Michigan over the last 24 months is $39.

Values and sold prices (last 24 months) United States Michigan
Average price/sqft $495 $114
Median price/sqft $44 $39
Average sold price $3,216,305 $489,640
Median sold price $298,704 $125,000
Number of sales 5,953 84
Number of sales over $250k 3,213 28
Number of sales over $1m 1,619 9
Number of sales over $10m 246 --
Average total tax amount $17,864 $12,717
Average assessed value $822,856 $277,013
Average market value $941,930 $554,506

Michigan self storage property property averages

The average lot size of self storage properties in Michigan is 83,677 sf. This is 63% above the United States average. The average building area is 16 sf and the median year built is 1987.

Property averages United States Michigan
Average lot size 309,736 sf 207,863 sf
Median lot size 43,523 sf 83,677 sf
Average building area 236 sf 47 sf
Median building area 25 sf 16 sf
Median year built 1989 1987
Average number of units 73 15
Median number of units 3 4

Michigan self storage property total supply

There are 1,472 self storage properties in Michigan. This is 192% below the United States average. The total acerage is 4,743 acres and the aggregate building area for self storage properties in Michigan is 28,724 sf.

Supply United States Michigan
Number of parcels 81,948 1,472
Aggregate lot acerage 555,961 4,743
Aggregate building area 8,624,182 sf 28,724 sf
Aggregate units 1,056,944 2,132

Michigan self storage property industrial mortgages

There are 1,347 mortgages for self storage properties across Michigan in the Reonomy database. The average value of those mortgages is $5,990,074. This is 49% below the United States average.

Debt United States Michigan
Number of mortgages 102,058 1,347
Average value of mortgages $9,897,942 $5,990,074

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