Canton, MI
Commercial Real Estate Market Trends & Data

$208 Avg asking sale price
$569 Avg asking lease rate
28,117 SF Avg unit lease size
32,206 SF Avg building size for sale
7.46% Average cap rate

Canton's Demographic Profile

Canton has 33,301 households and a median income of $110,314, providing context for rent absorption and tenant demand across retail and multifamily assets. A -4% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 90,164
# Households 33,301
Median age 40
Median household income $110,314
Avg household size 3.0
Renter-occupied housing units 8,503
5-year population change -4%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Canton Township, MI

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Canton $297 13,326 SF 8.49%
Wayne $111 10,353 SF 8.02%
Westland $193 12,222 SF 8.49%
Nearby Retail Markets Avg Cost/SF Typical Size
Canton $264 4,352 SF
Plymouth $235 3,001 SF
Wayne $209 7,497 SF
Superior Township $330 67,386 SF
Westland $225 8,361 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Canton $178 27,419 SF 8.36%
Plymouth $580 2,650 SF 8.36%
Wayne $100 15,146 SF 8.02%
Westland $171 21,847 SF 8.36%

Commercial Properties For Sale in Canton

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

Michigan Storage

Canton Township, MI 48188

  • 1,902 SF Specialty
  • 8.04% Cap Rate
  • $1,500,000
For Sale

Blanche

Plymouth, MI 48170

  • 2,200 SF Multifamily
  • 6.22% Cap Rate
  • $750,000
For Sale

8070 N Territorial Rd

Plymouth, MI 48170

  • 15,276 SF Industrial Building
  • $1,680,360
For Sale

Meineke Car Care

Westland, MI 48185

  • 11,830 SF Retail Building
  • 7.00% Cap Rate
  • $2,355,000
For Sale

37600 Cherry Hill Rd

Westland, MI 48185

  • 11.14 AC Lot
  • 1 Commercial Lot
  • $1,408,000
For Sale

458 Main St

Belleville, MI 48111

  • 7,666 SF Retail Building
  • 2.96% Cap Rate
  • $900,000

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 Canton pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Canton $208 32,206 SF
Plymouth $234 6,492 SF
Wayne $203 11,023 SF
Superior Township $222 41,541 SF

Regional Demographic Comparison

This comparison places Canton 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 Canton or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Canton 90,164 33,301 40 $110,314 3 8,503 -4%
Plymouth 8,423 4,019 44 $105,155 2 1,411 -4%
Wayne 15,778 6,591 41 $52,064 2 2,828 -5%
Superior Township 14,443 5,383 38 $87,401 3 1,187 -1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Canton Township, 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 Canton

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

Canton 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 Canton?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Canton. 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 Canton?

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

How does Canton compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Canton. 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 Canton acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Canton, 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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