Hazel Park, Michigan Commercial Real Estate 0 Listings

Hazel Park, Michigan: A Premier Destination for Commercial Real Estate

Introduction

Hazel Park, Michigan, is an emerging hub for commercial real estate, offering unique opportunities for investors and developers alike. Situated in the heart of Oakland County, this vibrant city is characterized by its robust local economy and growing industry clusters, including manufacturing and logistics. Hazel Park's strategic location near Detroit provides a competitive edge in the commercial real estate market, making it an ideal destination for various asset classes.

Economic and Industry Overview

Hazel Park's economy is primarily driven by the manufacturing and logistics sectors, which significantly influence demand for industrial and flex properties. The city's proximity to Detroit bolsters its economic landscape, attracting businesses seeking affordable space with excellent access to major transportation routes. Regional economic development initiatives, such as those supported by the Oakland County Economic Development and Community Affairs, further enhance Hazel Park's commercial real estate appeal.

Strategic Location and Transportation Infrastructure

Hazel Park benefits from a strategic location with easy access to major transportation arteries. The city is well-connected by I-75 and I-696, facilitating efficient logistics and distribution. The proximity to Detroit Metropolitan Airport and the Port of Detroit provides additional logistical advantages for businesses. For more information, visit the Michigan Department of Transportation and the Detroit Port Authority.

Commercial Real Estate Inventory & Zoning

Hazel Park's commercial real estate market is diverse, encompassing various submarkets such as industrial corridors and mixed-use developments. Key asset classes include industrial, retail, and flex spaces. The city has implemented notable zoning changes and incentives to attract developers, detailed on the City of Hazel Park Zoning Map.

Major Employers and Institutions

Hazel Park hosts several significant employers and institutions that drive commercial real estate demand. Notable entities include manufacturers and logistics firms, as well as educational institutions. For a comprehensive list of employers, visit the Oakland County Business Directory.

Notable Commercial Developments & Projects

The city is home to various large-scale developments, including mixed-use projects and innovation parks. Hazel Park has leveraged public-private partnerships and Opportunity Zones to stimulate growth. More information on current projects can be found through the City of Hazel Park Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, Hazel Park provides several resources:

Market Data & Economic Reports

Investors can access a wealth of public data sets, including those from census.gov and the city's open data portal. Brevitas combines AI-powered aggregation from public data and internal insights, offering comprehensive market data. Explore Brevitas-powered dashboards for Hazel Park here.