Commercial Real Estate in Michigan — Opportunities in Metro Detroit

Michigan’s commercial real estate market has seen a strong resurgence — especially across Metro Detroit, where redevelopment, logistics, and new businesses are driving fresh investment opportunities.

Whether you’re an investor, business owner, or developer, the key to success is understanding where the momentum is — and who’s buying.

At S&P Realty, we help clients identify, analyze, and close commercial deals that maximize return and long-term stability.

💼 1. Key Sectors Driving Michigan’s CRE Market

📦 Industrial & Warehouse

E-commerce growth continues to push demand for distribution centers and warehouse spaces near major highways like I-75, I-94, and I-96.
Areas such as Romulus, Taylor, and Redford are thriving due to proximity to Detroit Metro Airport and interstate access.

🏢 Office Space

While traditional office use has evolved, medical offices, flex spaces, and coworking hubs remain in demand in cities like Livonia, Dearborn, and Southfield.

🛍️ Retail & Restaurant

Neighborhood retail corridors — such as Downtown Detroit, Grosse Pointe’s Mack Avenue, and the Avenue of Fashion on Livernois — continue to attract new restaurants and local brands.

🏗️ Land & Redevelopment

Vacant or underused commercial land offers long-term upside, especially for mixed-use developments and cannabis-approved zoning areas in Detroit and Highland Park.

💰 2. Why Investors Are Eyeing Metro Detroit

Michigan offers a unique mix of affordable entry prices and rising demand.
Compared to coastal markets, you can still find cap rates between 7–10% on stabilized assets — with strong upside potential in emerging areas like Milwaukee Junction, Corktown, and Harper–Hastings.

🧠 Pro Tip: The state’s push for manufacturing, logistics, and tech hubs is increasing demand for small- to mid-sized industrial properties across Wayne County.

🧾 3. How to Evaluate a Commercial Deal

Commercial real estate is driven by income and usability.
Before investing, analyze:

• Net Operating Income (NOI)

• Cap Rate

• Zoning and occupancy certificates

• Tenant strength and lease term (NNN vs. Gross)

• Environmental reports (Phase I & II)

S&P Realty helps clients interpret these documents and negotiate contingencies to protect their investments.

🏦 4. Financing Commercial Real Estate

Most Michigan commercial deals use:

• Local banks or credit unions for loans under $1M

• SBA 504 or 7(a) programs for owner-occupied buildings

• Bridge loans or private funding for reposition projects

📄 Tip: We maintain relationships with lenders that understand Metro Detroit’s CRE landscape and can tailor terms for investors and small business owners.

📍 5. Top Michigan Markets for Commercial Investment

• Detroit: Industrial, retail, redevelopment, mixed-use

• Livonia: Office, light industrial, flex space

• Canton / Plymouth: Industrial and logistics hubs

• Dearborn: Retail and medical

• Grosse Pointe / Harper Woods: Boutique retail and mixed use

• Taylor / Romulus: Airport-adjacent warehouse and logistics

🧠 6. Why Work With a Full-Service Commercial Broker

Commercial real estate requires deeper analysis, stronger negotiation, and compliance expertise.

As a licensed Michigan broker, Shane Parker and S&P Realty offer:

• Strategic property valuations

• Buyer and tenant representation

• Investor proformas and cap rate analysis

• Marketing across LoopNet, CREXi, and CoStar

• On-the-ground experience with city zoning and permitting offices

🚀 7. Ready to Buy, Lease, or Sell Commercial Property?

The Michigan commercial market is expanding — from Detroit’s revitalized downtown to the suburbs’ industrial corridors.

Whether you’re looking to:

• Sell a retail or industrial property

• Purchase a cash-flowing asset

• Or lease space for your business

S&P Realty provides expert guidance and end-to-end service.

👉 Click here to contact S&P Realty to discuss your next commercial move today.