Monroe, MI
Commercial Real Estate Market Trends & Data

$118 Avg asking sale price
$14 Avg asking lease rate
35,781 SF Avg unit lease size
18,643 SF Avg building size for sale
6.84% Average cap rate

Monroe's Demographic Profile

Monroe has 8,458 households and a median income of $56,218, 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 20,890
# Households 8,458
Median age 39
Median household income $56,218
Avg household size 2.0
Renter-occupied housing units 3,346
5-year population change +1%

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

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Monroe $146 10,661 SF 9.82%
New Boston $357 4,687 SF 7.15%
Nearby Retail Markets Avg Cost/SF Typical Size
Monroe $131 9,142 SF
Erie $108 24,620 SF
Dundee $202 4,200 SF
Petersburg $94 1,961 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Monroe $76 35,501 SF 7.14%
Toledo $56 15,714 SF 18.00%
Romulus $107 14,456 SF 8.02%

Commercial Properties For Sale in Monroe

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

Willow Street Apartments

Monroe, MI 48162

  • 12,204 SF Multifamily
  • $1,199,000
For Sale

8 E Front St

Monroe, MI 48161

  • 4,713 SF Retail Building
  • $495,000
For Sale

0 N Stoney Creek Rd

Monroe, MI 48162

  • 10 AC Lot
  • 1 Agricultural Lot
  • $199,000
For Sale

10 Acre Development Site

Monroe, MI 48162

  • 10 AC Lot
  • 1 Commercial Lot
  • $495,000
For Sale

15175 S Dixie Hwy

Monroe, MI 48161

  • 3,600 SF Office Building
  • $419,000
For Sale

6021 Parkside Dr

Monroe, MI 48161

  • 1,554 SF Retail Building
  • $150,000

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

Commercial Markets Avg Cost/SF Average Size
Monroe $118 18,643 SF
Ida $234 1,176 SF

Regional Demographic Comparison

This comparison places Monroe 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 Monroe or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Monroe 20,890 8,458 39 $56,218 2 3,346 1%
Carleton 2,751 1,166 42 $51,902 2 247 6%

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

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

Monroe 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 Monroe?

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

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

How does Monroe compare to nearby commercial real estate markets?

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

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