New Baltimore, MI
Commercial Real Estate Market Trends & Data

$196 Avg asking sale price
$42 Avg asking lease rate
64,835 SF Avg unit lease size
10,635 SF Avg building size for sale
4.74% Average cap rate

New Baltimore's Demographic Profile

New Baltimore has 4,597 households and a median income of $85,260, 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 11,939
# Households 4,597
Median age 43
Median household income $85,260
Avg household size 3.0
Renter-occupied housing units 991
5-year population change -1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near New Baltimore, MI

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
New Baltimore $595 2,392 SF
Chesterfield $427 6,217 SF
Ira Township $364 2,982 SF
Fair Haven $133 3,571 SF
Lenox Township $306 8,626 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Harrison Township $84 11,590 SF 10.16%
Mount Clemens $148 3,720 SF 10.16%
Clinton Township $66 36,393 SF 10.16%

Commercial Properties For Sale in New Baltimore

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

Lake St Clair WATER FRONT Canal Home or Build

New Baltimore, MI 48047

  • 1,683 SF Specialty
  • $394,700
For Sale

Gratiot Ave

New Haven, MI 48048

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

Redevelopment Opportunity

Chesterfield, MI 48047

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

Anchor Bay Auto Wash

New Baltimore, MI 48047

  • 3,866 SF Specialty
  • 3.48% Cap Rate
  • $595,000
For Sale

VL 23 Mile Road

Chesterfield, MI 48047

  • 3.03 AC Lot
  • 1 Commercial Lot
  • $1,400,000
For Sale

26 Mile Rd

New Haven, MI 48048

  • 8.56 AC Lot
  • 1 Commercial Lot
  • $1,595,000

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

Multifamily vs. Single-Family Investing ROI
Multifamily vs. Single-Family Investing ROI
Multifamily vs single-family investing compared across cash flow, vacancy risk, financing, management complexity, and ROI to help investors evaluate returns and downside risk by property type.
CapEx in Commercial Real Estate
CapEx in Commercial Real Estate
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?
What is a Ground Lease?
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 New Baltimore pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
New Baltimore $196 10,635 SF
Chesterfield $202 17,419 SF
Chesterfield Township $102 12,690 SF
Ira Township $219 8,020 SF
Fair Haven $121 4,753 SF

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

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

New Baltimore 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 New Baltimore?

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

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

How does New Baltimore compare to nearby commercial real estate markets?

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

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