Commercial Real Estate Market in Addison, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
7 active listings and 96 off-market properties in Addison, MI. Commercial property asks $109/SF to buy and $10.17/SF/Yr to lease.
Market Trends
Addison, MI spans 32.0 square miles in Lenawee County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Addison, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail space in Addison, MI asks $71/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 Addison, 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 vacancy in Addison, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Addison, MI has 2,390 residents in 1,313 households. Density runs 75 people per square mile. Median household income here is $70,726 and median gross rent $803 a month.
2,390
Population
1,313
Households
1.8
Avg Household Size
44
Median Age
27%
College-Educated
96%
High-School Grad
32 sq mi
ZIP Area
75
Density / Sq Mi
$70,726
Median Household Income
$37,364
Median Earnings
$803
Median Rent
$205,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Manitou Beach | — | — |
| Rollin | — | — |
| Jerome | — | — |
| Somerset | — | — |
Commercial property in Addison, MI asks $109/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Addison?
Commercial property in Addison, MI asks an average of $109 per square foot. The 5 most recent recorded sales traded at a median of $79/SF, so asking sits 37% above the achieved median. Retail carries the highest asking price at $71/SF.
How much does it cost to lease commercial space in Addison?
Asking lease rates in Addison, MI average $10.17 per square foot per year.
Where does Realmo's Addison market data come from?
Realmo compiles Addison, MI figures from 7 recent recorded sales, 4 active sale listings, 3 active lease listings, 96 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 4 active for-sale and 3 active for-lease listings in Addison, 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.
- 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
