Commercial Real Estate Market in Grosse Pointe Park, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 188 off-market properties in Grosse Pointe Park, MI. Commercial property asks $74/SF to buy and $35.29/SF/Yr to lease.
Market Trends
Grosse Pointe Park, MI spans 20.5 square miles in Wayne County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Grosse Pointe 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 Grosse Pointe 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 Grosse Pointe 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 Grosse Pointe 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
Grosse Pointe Park, MI has 98,998 residents in 43,277 households. Density runs 4,841 people per square mile. Median household income here is $85,377 and median gross rent $1,340 a month.
98,998
Population
43,277
Households
2.3
Avg Household Size
39
Median Age
42%
College-Educated
91%
High-School Grad
20.5 sq mi
ZIP Area
4,841
Density / Sq Mi
$85,377
Median Household Income
$50,077
Median Earnings
$1,340
Median Rent
$233,440
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Grosse Pointe Woods | $74 (county avg) | — |
| Grosse Pointe | $74 (county avg) | $35.32 |
| Grosse Pointe Shores | $74 (county avg) | — |
| Grosse Pointe Farms | $74 (county avg) | — |
Commercial property in Grosse Pointe Park, MI asks $74/SF. The 4 bordering markets run from $74/SF in Grosse Pointe Woods to $74/SF in Grosse Pointe Woods, 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 Grosse Pointe Park?
Commercial property in Grosse Pointe Park, MI asks an average of $74 per square foot. The 4 most recent recorded sales traded at a median of $75/SF. Office carries the highest asking price at $89/SF.
How much does it cost to lease commercial space in Grosse Pointe Park?
Asking lease rates in Grosse Pointe Park, MI average $35.29 per square foot per year.
How does Grosse Pointe Park compare to nearby markets on price?
Grosse Pointe Park, MI asks $74/SF against $74/SF in Grosse Pointe Woods, $74/SF in Grosse Pointe, $74/SF in Grosse Pointe Shores and $74/SF in Grosse Pointe Farms.
Where does Realmo's Grosse Pointe Park market data come from?
Realmo compiles Grosse Pointe Park, MI figures from 5 recent recorded sales, 5 active sale listings, 1 active lease listings, 188 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 5 active for-sale and 1 active for-lease listings in Grosse Pointe 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
