Allen Park, MI
Commercial Real Estate Market Trends & Data

$261 Avg asking sale price
$17 Avg asking lease rate
33,523 SF Avg unit lease size
12,587 SF Avg building size for sale

Allen Park's Demographic Profile

Allen Park has 10,360 households and a median income of $75,044, providing context for rent absorption and tenant demand across retail and multifamily assets. A -5% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 25,198
# Households 10,360
Median age 42
Median household income $75,044
Avg household size 2.0
Renter-occupied housing units 1,618
5-year population change -5%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Allen Park, MI

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Nearby Retail Markets Avg Cost/SF Typical Size
Allen Park $411 8,557 SF
Lincoln Park $260 6,357 SF
Melvindale $93 7,500 SF
Dearborn $170 9,611 SF
Ecorse $72 4,023 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Dearborn $78 51,080 SF 10.00%
Detroit $161 46,730 SF 15.00%
Romulus $107 14,456 SF 8.02%
Westland $171 21,847 SF 8.36%

Commercial Properties For Sale in Allen Park

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

14650 Champaign Rd

Allen Park, MI 48101

  • 570 SF Retail Building
  • $550,000
For Sale

15360 S Commerce Dr

Dearborn, MI 48120

  • 17,878 SF Office Building
  • $1,699,000
For Sale

Northline Rd

Southgate, MI 48195

  • 0.78 AC Lot
  • 1 Commercial Lot
  • $289,000
For Sale

18906 Dix Rd

Melvindale, MI 48122

  • 1,600 SF Office Building
  • $490,000
For Sale

19040 Ecorse Rd

Allen Park, MI 48101

  • 5,500 SF Retail Building
  • $1,200,000
For Sale

Red Fawn Banquet Center

Allen Park, MI 48101

  • 19,600 SF Retail Building
  • $995,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Allen Park pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Allen Park $261 12,587 SF
Lincoln Park $239 4,530 SF
Melvindale $225 45,521 SF
Dearborn $144 46,830 SF
Ecorse $93 23,976 SF

Regional Demographic Comparison

This comparison places Allen Park alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Allen Park or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Allen Park 25,198 10,360 42 $75,044 2 1,618 -5%
Lincoln Park 36,353 14,083 38 $53,065 3 4,525 -5%
Melvindale 11,328 4,074 34 $39,384 3 1,801 -5%
Dearborn 96,364 32,651 34 $65,255 3 11,220 -6%
Ecorse 9,439 3,646 37 $43,652 3 1,743 -1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Allen Park, MI and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Allen Park

View All Commercial Real Estate For Sale in Allen Park
Is Allen Park a good market for a first-time commercial real estate investor?

Allen Park offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Allen Park?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Allen Park. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Allen Park?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Allen Park. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Allen Park compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Allen Park. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Allen Park acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Allen Park, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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