Commercial Real Estate Market in Allegan, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
29 active listings and 756 off-market properties in Allegan, MI. Commercial property asks $71/SF to buy and $11.00/SF/Yr to lease (based on 6 listings).
Market Trends
Allegan, MI spans 156.6 square miles in Allegan County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Allegan, MI has a median asking sale price of $63/SF (based on 4 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Allegan, MI has a median asking sale price of $103/SF (based on 8 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Allegan, 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 Allegan, 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
- Civic 23.3%
- Commercial 19.8%
- Industrial 17.6%
- Open space 16.2%
- Residential 13.6%
- Special 6.8%
- Planned_development 2.7%
Largest Zones share of zoned land by district
The TN-1 Traditional Neighborhood Single-family District is intended to be comparable to a traditional suburban style neighborhood, offering predominately single-family homes on larger lot sizes to accommodate family life with limited local traffic with fewer commercial or institutional uses to detract from the residential setting
Market overview
Demographics & Economy
Allegan, MI has 18,183 residents in 7,222 households. Density runs 116 people per square mile. Median household income here is $72,361 and median gross rent $1,061 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Otsego | $140 | $15.00 |
| Plainwell | $87 | — |
| Hamilton | $154 | $11.68 |
Commercial property in Allegan, MI asks $71/SF. The 3 bordering markets run from $87/SF in Plainwell to $154/SF in Hamilton, and the city sits below their $140/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Allegan?
How much does it cost to lease commercial space in Allegan?
How does Allegan compare to nearby markets on price?
Where does Realmo's Allegan market data come from?
Methodology & data sources
- Asking prices and medians
- There are 23 active for-sale and 6 active for-lease listings in Allegan, MI. The medians are based on 16 of the for-sale and 6 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: 2,441 zoned acres across 15 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
