Commercial Real Estate Market in Adrian, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
45 active listings and 1,189 off-market properties in Adrian, MI. Commercial property asks $66/SF to buy and $10.18/SF/Yr to lease (based on 4 listings).
Market Trends
Adrian, MI spans 119.9 square miles in Lenawee County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Adrian, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Adrian, MI has a median asking sale price of $57/SF (based on 4 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial space in Adrian, MI has a median asking sale price of $83/SF (based on 3 listings). Vacancy runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Multifamily
Multifamily space in Adrian, MI has a median asking sale price of $49/SF (based on 3 listings). Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 50.7%
- Commercial 27.1%
- Industrial 17.6%
- Planned_development 4.3%
- Mixed use 0.3%
- Open space 0%
Largest Zones share of zoned land by district
Adrian, MI zones 4,374 acres across 22 districts. Commercial zoning covers 27.1% of zoned land, residential 50.7%, open space 0% and industrial 17.6%. The largest single district is One Family Residential at 24.4%. For commercial buyers the practical constraint is that only 44.7% of land carries a commercial or industrial designation.
The purpose of these districts is to provide areas exclusively for single-family detached dwellings, but at slightly higher densities and smaller lot sizes than the R-1 District. The combination of principal uses and uses permitted by zoning exception promote the stability of residential neighborhoods by providing a range of non-residential uses which provid…
Market overview
Demographics & Economy
Adrian, MI has 41,315 residents in 17,011 households. Density runs 345 people per square mile. Median household income here is $57,316 and median gross rent $986 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Tecumseh | $130 | — |
| Blissfield | $60 | — |
Commercial property in Adrian, MI asks $66/SF. The 2 bordering markets run from $60/SF in Blissfield to $130/SF in Tecumseh, and the city sits below their $95/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Adrian?
How much does it cost to lease commercial space in Adrian?
How does Adrian compare to nearby markets on price?
What zoning applies to commercial property in Adrian?
Where does Realmo's Adrian market data come from?
Methodology & data sources
- Asking prices and medians
- There are 35 active for-sale and 10 active for-lease listings in Adrian, MI. The medians are based on 15 of the for-sale and 4 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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.
- Zoning and land use
- The current municipal zoning release: 4,374 zoned acres across 22 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 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 October 2026 · How Realmo checks market page data · Report a data issue
