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 $291,412. Self storage property sale prices in Michigan have a median of $163,000. The last 24 months of sales history has seen 72 sales, with 31 sales greater than $250,000, 11 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 $33.

Values and sold prices (last 24 months) United States Michigan
Average price/sqft $332 $166
Median price/sqft $45 $33
Average sold price $3,134,163 $596,771
Median sold price $300,031 $163,000
Number of sales 5,991 72
Number of sales over $250k 3,255 31
Number of sales over $1m 1,588 11
Number of sales over $10m 230 --
Average total tax amount $17,824 $12,743
Average assessed value $813,395 $291,412
Average market value $893,715 $582,402

Michigan self storage property property averages

The average lot size of self storage properties in Michigan is 78,026 sf. This is 56% above the United States average. The average building area is 13 sf and the median year built is 1984.

Property averages United States Michigan
Average lot size 340,073 sf 185,013 sf
Median lot size 43,522 sf 78,026 sf
Average building area 212 sf 58 sf
Median building area 25 sf 13 sf
Median year built 1989 1984
Average number of units 73 16
Median number of units 3 4

Michigan self storage property total supply

There are 1,495 self storage properties in Michigan. This is 192% below the United States average. The total acerage is 4,497 acres and the aggregate building area for self storage properties in Michigan is 36,189 sf.

Supply United States Michigan
Number of parcels 80,900 1,495
Aggregate lot acerage 593,230 4,497
Aggregate building area 7,740,882 sf 36,189 sf
Aggregate units 1,050,559 2,238

Michigan self storage property industrial mortgages

There are 1,423 mortgages for self storage properties across Michigan in the Reonomy database. The average value of those mortgages is $12,645,739. This is 23% above the United States average.

Debt United States Michigan
Number of mortgages 99,089 1,423
Average value of mortgages $9,982,690 $12,645,739

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