Commercial Real Estate Market in Albion, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
14 active listings and 770 off-market properties in Albion, MI.
Market Trends
Albion, MI spans 99.9 square miles in Calhoun County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Albion, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Albion, MI has a median asking sale price of $119/SF (based on 4 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Albion, 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%.
Multifamily
Multifamily vacancy in Albion, MI 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
- Commercial 68.7%
- Industrial 16.8%
- Mixed use 8.2%
Largest Zones share of zoned land by district
Albion, MI zones 2,968 acres across 8 districts. Commercial zoning covers 68.7% of zoned land, industrial 16.8%. The largest single district is Multiple Family Residential District at 39.7%. For commercial buyers the practical constraint is that only 85.5% of land carries a commercial or industrial designation.
R-2 district is composed of certain medium- and high-density areas representing a compatible comingling of single- and two-family dwellings, plus multiple-family dwelling units (apartments) of similar residential characteristics of the district and to limit activities of a commercial nature.
Market overview
Demographics & Economy
Albion, MI has 13,199 residents in 5,277 households. Density runs 132 people per square mile. Median household income here is $52,552 and median gross rent $846 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Parma | $91 | — |
| Marshall | $94 | $14.00 |
| Spring Arbor | $56 | $12.00 |
Commercial property in Albion, MI asks $133/SF. The 3 bordering markets run from $56/SF in Spring Arbor to $94/SF in Marshall, and the city sits above their $91/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Albion?
How does Albion compare to nearby markets on price?
What zoning applies to commercial property in Albion?
Where does Realmo's Albion market data come from?
Methodology & data sources
- Asking prices and medians
- There are 11 active for-sale and 3 active for-lease listings in Albion, MI. The sale median is based on 7 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. 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: 2,968 zoned acres across 8 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
