Shelby Township, MI
Commercial Real Estate Market Trends & Data

$276 Avg asking sale price
$19 Avg asking lease rate
23,466 SF Avg unit lease size
13,631 SF Avg building size for sale
5.95% Average cap rate

Shelby Township's Demographic Profile

Shelby Township has 31,235 households and a median income of $86,422, 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 78,869
# Households 31,235
Median age 44
Median household income $86,422
Avg household size 3.0
Renter-occupied housing units 7,726
5-year population change -1%

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

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
Shelby Township $418 10,874 SF
Utica $238 13,665 SF
Macomb Township $414 11,879 SF
Rochester Hills $88 135,000 SF
Washington $524 3,103 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Sterling Heights $101 39,370 SF 4.53%
Clinton Township $66 36,393 SF 10.16%
Troy $223 12,245 SF 6.42%
Mount Clemens $208 3,720 SF 10.16%
Clawson $280 11,189 SF 6.42%

Commercial Properties For Sale in Shelby Township

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

Caruso's Car Care - Shelby Township, MI

Shelby Township, MI 48315

  • 4,675 SF Retail Building
  • $4,449,000
For Sale

26 MILE & Van Dyke Portfolio

Washington, MI

  • $995,000
For Sale

50285 Mound Rd

Shelby Township, MI 48317

  • 4,043 SF Retail Building
  • $1,070,000
For Sale

1681 E Auburn Rd

Rochester Hills, MI 48307

  • 3,455 SF Office Building
  • $899,000
For Sale

5790 Rosebriar

Shelby Township, MI 48317

  • 10,000 SF Industrial Building
  • $1,475,000
For Sale

51455 Schoenherr Rd

Shelby Township, MI 48315

  • 38,388 SF Industrial Building
  • $4,595,000

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

Commercial Markets Avg Cost/SF Average Size
Shelby Township $276 13,631 SF
Utica $238 13,665 SF
Rochester $170 12,383 SF
Macomb Township $217 23,668 SF
Rochester Hills $175 57,125 SF

Regional Demographic Comparison

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

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Shelby Township 78,869 31,235 44 $86,422 3 7,726 -1%
Utica 5,012 2,349 43 $53,885 2 1,063 -2%
Rochester 12,813 5,688 42 $106,146 2 2,180 -1%
Macomb Township 90,255 31,024 41 $108,979 3 2,438 -1%
Rochester Hills 74,218 29,103 43 $108,909 3 7,257 -1%

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

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

Shelby 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 Shelby Township?

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

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

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

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

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