Commercial Real Estate Market in Beechwood, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
65 active listings and 728 off-market properties in Beechwood, MI. Commercial property asks $44/SF to buy and $8.78/SF/Yr to lease.
Market Trends
Beechwood, MI spans 457.0 square miles in Iron County, Michigan. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Beechwood, 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 Beechwood, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Beechwood, 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 Beechwood, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Beechwood, MI has 5,952 residents in 4,610 households. Density runs 13 people per square mile. Median household income here is $52,254 and median gross rent $445 a month.
5,952
Population
4,610
Households
1.3
Avg Household Size
51
Median Age
20%
College-Educated
93%
High-School Grad
457 sq mi
ZIP Area
13
Density / Sq Mi
$52,254
Median Household Income
$38,052
Median Earnings
$445
Median Rent
$103,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Iron River | — | — |
| Caspian | — | — |
Commercial property in Beechwood, MI asks $44/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Beechwood?
Commercial property in Beechwood, MI asks an average of $44 per square foot. The 4 most recent recorded sales traded at a median of $57/SF.
How much does it cost to lease commercial space in Beechwood?
Asking lease rates in Beechwood, MI average $8.78 per square foot per year.
Where does Realmo's Beechwood market data come from?
Realmo compiles Beechwood, MI figures from 5 recent recorded sales, 63 active sale listings, 2 active lease listings, 728 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 63 active for-sale and 2 active for-lease listings in Beechwood, 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 30 September 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 30 September 2026 · report a data issue
