Commercial Real Estate Market in Allegan, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
81 active listings and 756 off-market properties in Allegan, MI. Commercial property asks $57/SF to buy and $12.50/SF/Yr to lease.
Market Trends
Allegan, MI spans 156.6 square miles in Allegan County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Allegan, MI asks $97/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Retail
Retail space in Allegan, MI asks $85/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 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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily space in Allegan, MI asks $87/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
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
Traditional Neighborhood Single Family Residential
Open Space
Mixed Industrial Commercial
Traditional Neighborhood Residential
Medium Density Residential
Traditional Neighborhood Single Family Residential (TN1)
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.
18,183
Population
7,222
Households
2.5
Avg Household Size
41
Median Age
18%
College-Educated
93%
High-School Grad
156.6 sq mi
ZIP Area
116
Density / Sq Mi
$72,361
Median Household Income
$42,133
Median Earnings
$1,061
Median Rent
$204,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hopkins | — | — |
| Otsego | — | $13.80 |
| Martin | — | — |
| Bloomingdale | — | — |
Commercial property in Allegan, MI asks $57/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Allegan?
Commercial property in Allegan, MI asks an average of $57 per square foot. The 5 most recent recorded sales traded at a median of $98/SF. Office carries the highest asking price at $97/SF.
How much does it cost to lease commercial space in Allegan?
Asking lease rates in Allegan, MI average $12.50 per square foot per year.
Where does Realmo's Allegan market data come from?
Realmo compiles Allegan, MI figures from 6 recent recorded sales, 77 active sale listings, 4 active lease listings, 756 tracked off-market properties, the current Allegan zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 77 active for-sale and 4 active for-lease listings in Allegan, 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: 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 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
