Lenox Township, MI
Commercial Real Estate Market Trends & Data

$230 Avg asking sale price
$557 Avg asking lease rate
49,631 SF Avg unit lease size
14,054 SF Avg building size for sale
7.62% Average cap rate

Lenox Township's Demographic Profile

Lenox Township has 1,794 households and a median income of $66,343, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 6,066
# Households 1,794
Median age 44
Median household income $66,343
Avg household size 3.0
Renter-occupied housing units 286
5-year population change 0%

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

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
Lenox Township $306 8,626 SF
New Haven $188 18,627 SF
Richmond $161 11,744 SF
Chesterfield $427 6,217 SF
New Baltimore $595 2,392 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Mount Clemens $207 3,720 SF 9.95%
Harrison Township $84 11,590 SF 9.95%
Clinton Township $66 36,393 SF 9.95%
Sterling Heights $142 39,370 SF 4.53%

Commercial Properties For Sale in Lenox Township

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

Gratiot Ave

New Haven, MI 48048

  • 9.10 AC Lot
  • 1 Residential Income Lot
  • $900,000
For Sale

Gratiot Ave

New Haven, MI 48048

  • 9.06 AC Lot
  • 1 Commercial Lot
  • $900,000
For Sale

69206 N Main St

Richmond, MI 48062

  • 4,860 SF Retail Building
  • 9.23% Cap Rate
  • $649,900
For Sale

Redevelopment Opportunity

Chesterfield, MI 48047

  • 7 AC Lot
  • 1 Commercial Lot
  • $875,000
For Sale

Dick Huvaere Dodge

New Haven, MI 48050

  • 18,627 SF Retail Building
  • $3,500,000
For Sale

Haven Ridge Road

New Haven, MI 48048

  • 35 AC Lot
  • 1 Commercial Lot
  • $999,999

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

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CapEx in Commercial Real Estate
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How to plan capital expenditures, prioritize projects, and manage risk without sacrificing returns on your commercial property investment.
Internal Rate of Return (IRR) Calculator
Internal Rate of Return (IRR) Calculator
Use this calculator to measure annualized returns, compare investment scenarios, and evaluate risk across commercial real estate deals.
What is a Ground Lease?
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Understanding the Nuances of Ground and Land Leases
Master Lease Strategies
Master Lease Strategies
Maximizing Control and Income with Flexible Leasing Solutions
How to Find Industrial Tenants for Your Property
How to Find Industrial Tenants for Your Property
A practical guide to finding qualified industrial tenants, from building your tenant profile to tenant screening and closing the lease.
Bonus Depreciation
Bonus Depreciation
A practical guide to using bonus depreciation to reduce tax liability, improve cash flow, and plan property improvements with timing strategies in mind.
Accelerated Depreciation in Commercial Real Estate
Accelerated Depreciation in Commercial Real Estate
Understand how accelerated depreciation works, which method fits your deal, and how to avoid the tax pitfalls that catch most investors off guard.

Nearby Commercial Markets

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

Commercial Markets Avg Cost/SF Average Size
Lenox Township $230 14,054 SF
New Haven $188 18,627 SF
Richmond $161 19,478 SF
Chesterfield Township $102 12,690 SF

Regional Demographic Comparison

This comparison places Lenox Township 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 Lenox Township or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
New Haven 6,520 2,160 33 $60,166 3 675 1%
Richmond 5,886 2,419 43 $66,979 2 621 -1%

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

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

Lenox Township 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 Lenox Township?

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

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

How does Lenox Township compare to nearby commercial real estate markets?

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

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