Commercial Real Estate Market in Adrian, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
82 active listings and 1,189 off-market properties in Adrian, MI. Commercial property asks $54/SF to buy and $10.87/SF/Yr to lease.
Market Trends
Adrian, MI spans 119.9 square miles in Lenawee County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Adrian, 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 Adrian, 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 Adrian, 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 Adrian, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
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
One Family Residential
Education Research And Office
One Family Residential
Light Industrial
General Industrial
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.
One Family Residential (R-4)
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.
41,315
Population
17,011
Households
2.4
Avg Household Size
39
Median Age
22%
College-Educated
88%
High-School Grad
119.9 sq mi
ZIP Area
345
Density / Sq Mi
$57,316
Median Household Income
$32,289
Median Earnings
$986
Median Rent
$158,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cadmus | — | — |
| Palmyra | — | — |
| Tipton | — | — |
| Tecumseh | — | $17.97 |
Commercial property in Adrian, MI asks $54/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Adrian?
Commercial property in Adrian, MI asks an average of $54 per square foot. The 3 most recent recorded sales traded at a median of $72/SF. Retail carries the highest asking price at $71/SF.
How much does it cost to lease commercial space in Adrian?
Asking lease rates in Adrian, MI average $10.87 per square foot per year.
What zoning applies to commercial property in Adrian?
Adrian, MI zones 4,374 acres across 22 districts, of which 27.1% is commercial and 17.6% industrial. The largest single district is One Family Residential at 24.4% of zoned land. 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… Residential zoning covers 50.7% and open space 0%.
Where does Realmo's Adrian market data come from?
Realmo compiles Adrian, MI figures from 6 recent recorded sales, 73 active sale listings, 9 active lease listings, 1,189 tracked off-market properties, the current Adrian zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 73 active for-sale and 9 active for-lease listings in Adrian, 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.
- 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 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
