Commercial Real Estate Market in Bangor, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
36 active listings and 245 off-market properties in Bangor, MI. Commercial property asks $60/SF to buy and $12.50/SF/Yr to lease.
Market Trends
Bangor, MI spans 57.0 square miles in Van Buren County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Bangor, 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 Bangor, MI asks $128/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 Bangor, 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 Bangor, 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 56.1%
- Industrial 23.5%
- Commercial 20.4%
Largest Zones share of zoned land by district
One Family Residence District
Industrial District
General Residence District
One And Two Family Residence District
Retail And Limited Service Business District
Bangor, MI zones 1,124 acres across 7 districts. Commercial zoning covers 20.4% of zoned land, residential 56.1% and industrial 23.5%. The largest single district is One Family Residence District at 35.7%. For commercial buyers the practical constraint is that only 43.9% of land carries a commercial or industrial designation.
One Family Residence District (R-1)
To provide low density areas in which the principal use of land is for single-family dwellings
Market overview
Demographics & Economy
Bangor, MI has 5,175 residents in 2,045 households. Density runs 91 people per square mile. Median household income here is $58,264 and median gross rent $757 a month.
5,175
Population
2,045
Households
2.5
Avg Household Size
39
Median Age
16%
College-Educated
80%
High-School Grad
57 sq mi
ZIP Area
91
Density / Sq Mi
$58,264
Median Household Income
$33,589
Median Earnings
$757
Median Rent
$140,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Breedsville | — | — |
| Grand Junction | — | — |
| Lacota | — | — |
| Lawrence | — | — |
Commercial property in Bangor, MI asks $60/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Bangor?
Commercial property in Bangor, MI asks an average of $60 per square foot. The 4 most recent recorded sales traded at a median of $65/SF. Office carries the highest asking price at $141/SF.
How much does it cost to lease commercial space in Bangor?
Asking lease rates in Bangor, MI average $12.50 per square foot per year.
What zoning applies to commercial property in Bangor?
Bangor, MI zones 1,124 acres across 7 districts, of which 20.4% is commercial and 23.5% industrial. The largest single district is One Family Residence District at 35.7% of zoned land. To provide low density areas in which the principal use of land is for single-family dwellings Residential zoning covers 56.1% and open space 0%.
Where does Realmo's Bangor market data come from?
Realmo compiles Bangor, MI figures from 4 recent recorded sales, 34 active sale listings, 2 active lease listings, 245 tracked off-market properties, the current Bangor zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 34 active for-sale and 2 active for-lease listings in Bangor, 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: 1,124 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
