What are the different types of commercial real estate?

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate . However, there are three main categories that you are most likely to come across: office, retail, and industrial space . Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. Office buildings can also accommodate coworking spaces , which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Albion commercial real estate market includes 76,157 square feet of retail space in a variety of settings. Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Albion market, there is a total of 1,497,143 square feet of industrial property.

What types of commercial real estate are available in Albion, MI?

The largest share of commercial real estate space for lease in Albion is represented by Office space .

What factors affect the price of commercial real estate in Albion, MI?

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

What are the best areas for commercial real estate in Albion, MI?

The best choice of location for commercial space depends on the factors that are most relevant to your business. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type. As such, there are several areas that you could consider to be the best location for commercial real estate in Albion, depending on the property type you are interested in. Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

How do I find a good commercial real estate broker?

Whether or not leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker . In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market , the property type you need representation for, and will handle negotiations on your behalf in your best interest. To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker . Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests. CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

What is the most profitable commercial real estate?

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property.

What is the average size of a commercial property in Albion, MI?

The average size of a commercial property in Albion depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use: Retail properties here incorporate an average of 76,157 square feet. Industrial space in Albion is in buildings that are, on average 249,524 square feet in size.

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9 Commercial Real Estate Listings in Albion, MI

CRE Market Stats

1337 North Eaton Street

1337 North Eaton Street, Albion, MI
For Sale

$350,000
Property

VacantLand
View Details (opens in new window)
Albion Mfg./Warehouse Facility

1101 Industrial Blvd., Albion, MI
For Sale

Contact Broker
Property

Industrial

20,690 SF
Year Built

1969
View Details (opens in new window)
410 South Superior Street
The Office Albion
410 South Superior Street, Albion, MI
Services

Open Workspace

Dedicated Desk
Amenities

Complimentary coffee & tea

High-speed wifi

Printer

Privacy booths
View Details (opens in new window)
Off Market
703 North Clark Street

703 North Clark Street, Albion, MI
Property

Industrial

128,306 SF
Year Built

1963
Off Market
1000 East North Street

1000 East North Street, Albion, MI
Property

Industrial

810,099 SF
Year Built

1950
Off Market
704 North Clark Street

704 North Clark Street, Albion, MI
Property

Industrial

300,000 SF
Year Built

1981
Off Market
916 Burstein Drive

916 Burstein Drive, Albion, MI
Property

Industrial

126,528 SF
Year Built

2000
Off Market
Albion Industrial Park - 930 Elliot Road

930 Elliott Road, Albion, MI
Property

Industrial

111,520 SF
Year Built

1996
Off Market
1448-1450 North Eaton Street

1450 North Eaton Street, Albion, MI
Property

Retail

76,157 SF
Year Built

1972
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.
- Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute.
  
  Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
- Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Albion commercial real estate market includes 76,157 square feet of retail space in a variety of settings.
- Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Albion market, there is a total of 1,497,143 square feet of industrial property.
The largest share of commercial real estate space for lease in Albion is represented by Office space.
The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.
The best choice of location for commercial space depends on the factors that are most relevant to your business. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Albion, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.
Whether or not leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!
The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property.
The average size of a commercial property in Albion depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:
- Retail properties here incorporate an average of 76,157 square feet.
- Industrial space in Albion is in buildings that are, on average 249,524 square feet in size.

Albion, MI Commercial Real Estate Inventory Breakdown

In addition to preferred particularities of local culture, economy, and geography, businesses looking to expand or relocate also give great consideration to the size, variety, and quality of the commercial real estate in and around their city of interest.

Total Industrial Space in Albion: 1,843,688 Sq. Ft.

Albion is home to an industrial real estate market that encompasses 1,843,688 square feet of space across 1 industrial properties of various use types, sizes, and quality ratings.

Albion Industrial Market Breakdown by Building Size
Building Size Range	Total Square Feet	Share of Total Industrial
50k to 100k Sq. Ft.	143,216 Sq. Ft.	7.77%
100k to 500k Sq. Ft.	666,354 Sq. Ft.	36.14%
500k to 1M Sq. Ft.	810,099 Sq. Ft.	43.94%

Albion Industrial Market Breakdown by Building Quality Rating
Class	Total Square Feet	Share of Total Industrial
Class A	126,528 Sq. Ft.	6.86%
Class B	1,515,598 Sq. Ft.	82.2%
Class C	201,562 Sq. Ft.	10.93%

Data was provided by CommercialEdge, refers to industrial use properties larger than 50,000 square feet.

Total Retail Space in Albion: 147,274 Sq. Ft.

The Albion commercial real estate market includes 0 properties that are dedicated to retail use. The various types of retail space here account for 147,274 square feet of commercial property in Albion.

Albion Retail Market Breakdown by Building Size
Building Size Range	Total Square Feet	Share of Total Retail
50k to 100k Sq. Ft.	147,274 Sq. Ft.	100%

Data was provided by CommercialEdge and refers to retail properties larger than 50,000 square feet.

About us

CommercialCafe is your go-to commercial real estate listing source. We partner with highly respected major brokerages from across the country to ensure high-quality listings that are updated frequently. Our online marketplace lists all commercial property types from office, coworking, retail, and industrial to special purpose properties.

CommercialCafe is a trusted Yardi brand and is an integral part of the CommercialEdge network — the fastest-growing network of online real estate marketplaces, which ranks on the 1st page of Google for all top markets, attracts more than 2 million monthly visits, and generates more than 350,000 broker contacts.

9 Commercial Real Estate Listings in Albion, MI

1337 North Eaton Street

Albion Mfg./Warehouse Facility

410 South Superior Street

703 North Clark Street

1000 East North Street

704 North Clark Street

916 Burstein Drive

Albion Industrial Park - 930 Elliot Road

1448-1450 North Eaton Street

Frequently Asked Questions

Albion, MI Commercial Real Estate Inventory Breakdown

Total Industrial Space in Albion: 1,843,688 Sq. Ft.

Total Retail Space in Albion: 147,274 Sq. Ft.

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