Detroit, MI
Commercial Real Estate Market Trends & Data

$152 Avg asking sale price
$638 Avg asking lease rate
35,523 SF Avg unit lease size
32,909 SF Avg building size for sale
8.07% Average cap rate

Detroit's Demographic Profile

Detroit has 275,153 households and a median income of $36,942, providing context for rent absorption and tenant demand across retail and multifamily assets. A +1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 692,503
# Households 275,153
Median age 37
Median household income $36,942
Avg household size 2.0
Renter-occupied housing units 148,461
5-year population change +1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Detroit, MI

↻ Updated Monthly

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Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Detroit $128 51,721 SF 10.27%
Dearborn $159 119,893 SF 8.45%
Nearby Retail Markets Avg Cost/SF Typical Size
Detroit $152 10,179 SF
Melvindale $93 7,500 SF
River Rouge $88 16,535 SF
Dearborn $165 10,477 SF
Ecorse $72 4,023 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Detroit $197 45,979 SF 15.00%
Dearborn $78 51,080 SF 10.00%
Highland Park $91 222,416 SF 9.29%

Commercial Properties For Sale in Detroit

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

Income Generating Multifamily Portfolio

Detroit, MI

  • Auction Sale
For Sale

3100 Brush St

Detroit, MI 48201

  • 1,181 SF Flex Building
  • $6,000,000
For Sale

636 Southfield Rd

Lincoln Park, MI 48146

  • 1,195 SF Specialty
  • $300,000
For Sale

24548 W Warren St

Dearborn Heights, MI 48127

  • 3,200 SF Office Building
  • $1,050,000
For Sale

9606 Shoemaker St

Detroit, MI 48213

  • 4,613 SF Retail Building
  • $175,000
For Sale

6211 Cadieux Rd

Detroit, MI 48224

  • 0.85 AC Lot
  • 1 Commercial Lot
  • $800,000

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

Commercial Markets Avg Cost/SF Average Size
Detroit $152 32,909 SF
Melvindale $172 46,439 SF
River Rouge $91 34,998 SF
Dearborn $135 51,038 SF
Ecorse $101 22,891 SF

Multifamily Properties For Sale in Detroit

For Sale

Helen Apartments

Detroit, MI 48224

  • 9,201 SF Multifamily
  • $975,000
For Sale

Lansing Apartments

Detroit, MI 48209

  • 36,184 SF Multifamily
  • 12.29% Cap Rate
  • $2,490,000
For Sale

The Atrium Apartments

Detroit, MI 48202

  • 33,275 SF Multifamily
  • 8.13% Cap Rate
  • $7,500,000
For Sale

1528 Gratiot

Detroit, MI 48207

  • 7,924 SF Multifamily
  • $1,695,000
For Sale

Peterboro Place

Detroit, MI 48201

  • 91,014 SF Multifamily
  • Price Upon Request
For Sale

Library Lofts

Detroit, MI 48226

  • 32,000 SF Multifamily
  • $5,900,000
For Sale

129-Unit Detroit Multifamily Portfolio

Detroit, MI

  • 9.29% Cap Rate
  • $12,558,000
For Sale

Former Banner Cigar Manufacturing Building

Detroit, MI 48211

  • 23,578 SF Multifamily
  • $900,000

Regional Demographic Comparison

This comparison places Detroit 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 Detroit or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Detroit 692,503 275,153 37 $36,942 2 148,461 1%
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 Detroit, 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 Detroit

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

Detroit 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 Detroit?

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

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

How does Detroit compare to nearby commercial real estate markets?

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

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