Earlier quoted context omitted.
I’m not trying to be cynical “at you” but my time with police has taught me they are there to document crime always and stop it directly almost never. TV and Movies mislead.
My time with police has taught me that they will make you do your own documentation by filling out the crime reports yourself, and then just rubber-stamp them for the benefit of your insurance company. Vigilante justice is the only kind there is for misdemeanor property crimes. You could track the thief down, talk him into giving your property back and turning himself in, and drive him to the police station yourself,…
I also know people working in the my county solicitor's office and a large amount of their caseload is prosecuting misdemeanor property crimes. I'm sure this varies by location, but I don't think prosecuting misdemeanor property crime is as rare as you think.
Additional, In most states the bar for felony theft is pretty low, and the way that the value is calculated makes it very easy to go over that limit.
For example, I knew a girl who stole some lip balm in high school, but several other girls she was in the store with stole items with a higher value. The DA lumped all of the items together and charged them all with felonies.