For Sale
Lenox Township, MI
Commercial Real Estate Market Trends & Data
$205
Avg asking sale price
$38
Avg asking lease rate
15,839 SF
Avg unit lease size
12,719 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{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Chesterfield | $185 | 6,062 SF | 7.40% |
| New Baltimore | $185 | 6,062 SF | 7.40% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Lenox Township | $364 | 3,626 SF |
| New Haven | $188 | 18,627 SF |
| Richmond | $134 | 4,860 SF |
| Chesterfield | $383 | 5,263 SF |
| New Baltimore | $423 | 2,396 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Mount Clemens | $148 | 3,720 SF | 9.95% |
| Harrison Township | $116 | 11,590 SF | 9.95% |
| Clinton Township | $66 | 36,393 SF | 9.95% |
| Sterling Heights | $101 | 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.
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
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 | $205 | 12,719 SF |
| Lenox | $121 | 5,560 SF |
| New Haven | $151 | 21,487 SF |
| Richmond | $142 | 16,071 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.
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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