Commercial Real Estate Market in Allendale, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
27 active listings and 306 off-market properties in Allendale, MI.
Market Trends
Allendale, MI spans 31.9 square miles in Ottawa County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Allendale, MI asks $139/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 Allendale, MI asks $212/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 Allendale, 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 Allendale, MI asks $264/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
Market overview
Demographics & Economy
Allendale, MI has 29,598 residents in 9,083 households. Density runs 928 people per square mile. Median household income here is $73,020 and median gross rent $1,083 a month.
29,598
Population
9,083
Households
3.3
Avg Household Size
24
Median Age
41%
College-Educated
98%
High-School Grad
31.9 sq mi
ZIP Area
928
Density / Sq Mi
$73,020
Median Household Income
$16,175
Median Earnings
$1,083
Median Rent
$298,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lamont | — | — |
| Coppersville | — | — |
| Coopersville | — | $10.97 |
| Marne | — | — |
Commercial property in Allendale, MI asks $87/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Allendale?
Commercial property in Allendale, MI asks an average of $87 per square foot. The 4 most recent recorded sales traded at a median of $161/SF. Multifamily carries the highest asking price at $264/SF.
Where does Realmo's Allendale market data come from?
Realmo compiles Allendale, MI figures from 4 recent recorded sales, 27 active sale listings, 306 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 27 active for-sale and 0 active for-lease listings in Allendale, 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.
- 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
