Commercial Real Estate Market in Allen Park, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
31 active listings and 842 off-market properties in Allen Park, MI. Commercial property asks $74/SF to buy and $25.22/SF/Yr to lease.
Market Trends
Allen Park, MI spans 7.0 square miles in Wayne County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Allen Park, MI asks $89/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Retail
Retail space in Allen Park, MI asks $78/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Allen Park, MI runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily space in Allen Park, MI asks $61/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Allen Park, MI has 28,664 residents in 12,413 households. Density runs 4,069 people per square mile. Median household income here is $80,045 and median gross rent $1,181 a month.
28,664
Population
12,413
Households
2.3
Avg Household Size
41
Median Age
30%
College-Educated
94%
High-School Grad
7 sq mi
ZIP Area
4,069
Density / Sq Mi
$80,045
Median Household Income
$51,658
Median Earnings
$1,181
Median Rent
$174,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lincoln Park | $74 (county avg) | $14.53 |
| Melvindale | $74 (county avg) | $15.79 |
| Dearborn Heights | $74 (county avg) | $11.76 |
| Southgate | $74 (county avg) | $15.63 |
Commercial property in Allen Park, MI asks $74/SF. The 4 bordering markets run from $74/SF in Lincoln Park to $74/SF in Lincoln Park, and the city sits in line with their $74/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Allen Park?
Commercial property in Allen Park, MI asks an average of $74 per square foot. Office carries the highest asking price at $89/SF.
How much does it cost to lease commercial space in Allen Park?
Asking lease rates in Allen Park, MI average $25.22 per square foot per year.
How does Allen Park compare to nearby markets on price?
Allen Park, MI asks $74/SF against $74/SF in Lincoln Park, $74/SF in Melvindale, $74/SF in Dearborn Heights and $74/SF in Southgate.
Where does Realmo's Allen Park market data come from?
Realmo compiles Allen Park, MI figures from 6 recent recorded sales, 22 active sale listings, 9 active lease listings, 842 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 22 active for-sale and 9 active for-lease listings in Allen Park, MI. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
