Commercial Real Estate Market in Armada, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
20 active listings and 157 off-market properties in Armada, MI. Commercial property asks $135/SF to buy and $10.52/SF/Yr to lease.
Market Trends
Armada, MI spans 36.5 square miles in Macomb County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Armada, MI asks $141/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 Armada, MI asks $121/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 Armada, 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 Armada, MI asks $131/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
- Residential 87.4%
- Industrial 8.2%
- Commercial 3.3%
- Civic 1.1%
- Open space 0.1%
Largest Zones share of zoned land by district
Single Family Residential
Industrial
General Business
Multiple Family Residential
Office
Armada, MI zones 482 acres across 7 districts. Commercial zoning covers 3.3% of zoned land, residential 87.4%, open space 0.1% and industrial 8.2%. The largest single district is Single Family Residential at 85.2%. For commercial buyers the practical constraint is that only 11.5% of land carries a commercial or industrial designation.
Single Family Residential (R-1)
The Single-Family Residential (R-1) District is hereby established for the purpose of providing a range ofchoices of living environments, encouraging the development and maintenance of suitable neighborhoods for families and children, prohibiting uses of land that would adversely impact residential neighborhoods
Market overview
Demographics & Economy
Armada, MI has 5,318 residents in 1,869 households. Density runs 146 people per square mile. Median household income here is $110,946 and median gross rent $1,141 a month.
5,318
Population
1,869
Households
2.8
Avg Household Size
46
Median Age
31%
College-Educated
96%
High-School Grad
36.5 sq mi
ZIP Area
146
Density / Sq Mi
$110,946
Median Household Income
$53,574
Median Earnings
$1,141
Median Rent
$294,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Armada Township | — | — |
| Richmond Township | — | — |
| Berville | — | — |
| Berlin | — | — |
Commercial property in Armada, MI asks $135/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Armada?
Commercial property in Armada, MI asks an average of $135 per square foot. The 3 most recent recorded sales traded at a median of $36/SF, so asking sits 274% above the achieved median. Office carries the highest asking price at $141/SF.
How much does it cost to lease commercial space in Armada?
Asking lease rates in Armada, MI average $10.52 per square foot per year.
What zoning applies to commercial property in Armada?
Armada, MI zones 482 acres across 7 districts, of which 3.3% is commercial and 8.2% industrial. The largest single district is Single Family Residential at 85.2% of zoned land. The Single-Family Residential (R-1) District is hereby established for the purpose of providing a range ofchoices of living environments, encouraging the development and maintenance of suitable neighborhoods for families and children, prohibiting uses of land that would adversely impact residential neighborhoods Residential zoning covers 87.4% and open space 0.1%.
Where does Realmo's Armada market data come from?
Realmo compiles Armada, MI figures from 6 recent recorded sales, 17 active sale listings, 3 active lease listings, 157 tracked off-market properties, the current Armada zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 17 active for-sale and 3 active for-lease listings in Armada, 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: 482 zoned acres across 7 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
