Commercial Real Estate Market in Bancroft, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 94 off-market properties in Bancroft, MI.
Market Trends
Bancroft, MI spans 31.6 square miles in Shiawassee County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Bancroft, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Bancroft, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Bancroft, 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 vacancy in Bancroft, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 75.2%
- Commercial 9.4%
- Civic 8.2%
- Industrial 7.2%
Largest Zones share of zoned land by district
Low Density Residential
Medium Density Residential
Multifamily Residential
Low Density Residential Highway Commercial Overlay
Industrial
Bancroft, MI zones 362 acres across 7 districts. Commercial zoning covers 9.4% of zoned land, residential 75.2% and industrial 7.2%. The largest single district is Low Density Residential at 43.4%. For commercial buyers the practical constraint is that only 16.6% of land carries a commercial or industrial designation.
Low Density Residential Highway Commercial Overlay (R-1A/B-2)
The purpose of this zoning district is to provide adult foster care family home, adult day care (1 to 6), family day care home, foster family home, home occupations, low intensity, one family dwelling, public recreation, two family dwellings
Market overview
Demographics & Economy
Bancroft, MI has 2,361 residents in 1,162 households. Density runs 75 people per square mile. Median household income here is $66,071 and median gross rent $892 a month.
2,361
Population
1,162
Households
2
Avg Household Size
45
Median Age
21%
College-Educated
93%
High-School Grad
31.6 sq mi
ZIP Area
75
Density / Sq Mi
$66,071
Median Household Income
$41,921
Median Earnings
$892
Median Rent
$182,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Durand | — | — |
| Vernon | — | — |
| Morrice | — | — |
| Byron | — | — |
Commercial property in Bancroft, MI asks $161/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Bancroft?
Commercial property in Bancroft, MI asks an average of $161 per square foot.
What zoning applies to commercial property in Bancroft?
Bancroft, MI zones 362 acres across 7 districts, of which 9.4% is commercial and 7.2% industrial. The largest single district is Low Density Residential at 43.4% of zoned land. Residential zoning covers 75.2% and open space 0%.
Where does Realmo's Bancroft market data come from?
Realmo compiles Bancroft, MI figures from 4 recent recorded sales, 2 active sale listings, 1 active lease listings, 94 tracked off-market properties, the current Bancroft zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 1 active for-lease listings in Bancroft, 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: 362 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 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
