For Sale
New Baltimore, MI
Commercial Real Estate Market Trends & Data
$212
Avg asking sale price
$41
Avg asking lease rate
25,045 SF
Avg unit lease size
10,608 SF
Avg building size for sale
5.63%
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{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| New Baltimore | $185 | 6,062 SF | 7.40% |
| Chesterfield | $185 | 6,062 SF | 7.40% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| New Baltimore | $423 | 2,396 SF |
| Chesterfield | $383 | 5,263 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 | 9.95% |
| Mount Clemens | $148 | 3,720 SF | 9.95% |
| Clinton Township | $66 | 36,393 SF | 9.95% |
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
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 New Baltimore pricing and building scale sit above, below, or in line with surrounding areas.
| Commercial Markets | Avg Cost/SF | Average Size |
|---|---|---|
| New Baltimore | $212 | 10,608 SF |
| Chesterfield | $199 | 18,012 SF |
| Ira Township | $219 | 8,020 SF |
| Fair Haven | $169 | 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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