Commercial Real Estate Market in Bellaire, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
104 active listings and 522 off-market properties in Bellaire, MI.
Market Trends
Bellaire, MI spans 68.4 square miles in Antrim County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Bellaire, 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 Bellaire, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Bellaire, 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 Bellaire, 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 30.4%
- Open space 29.4%
- Commercial 20.1%
- Industrial 1.1%
Largest Zones share of zoned land by district
Single Family Residential
Conservation Reserve
Commercial
Village Commons
Manufacturing
Bellaire, MI zones 1,237 acres across 8 districts. Commercial zoning covers 20.1% of zoned land, residential 30.4%, open space 29.4% and industrial 1.1%. The largest single district is Single Family Residential at 29.4%. For commercial buyers the practical constraint is that only 21.2% of land carries a commercial or industrial designation.
Single Family Residential (R-1)
The purpose of this district and its accompanying regulations is to provide for a stable and sound residential environment on lots of sufficient area to accommodate the Village sewer system
Market overview
Demographics & Economy
Bellaire, MI has 4,161 residents in 3,575 households. Density runs 61 people per square mile. Median household income here is $78,750 and median gross rent $775 a month.
4,161
Population
3,575
Households
1.2
Avg Household Size
57
Median Age
44%
College-Educated
97%
High-School Grad
68.4 sq mi
ZIP Area
61
Density / Sq Mi
$78,750
Median Household Income
$38,635
Median Earnings
$775
Median Rent
$257,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Central Lake | — | — |
| Alden | — | — |
| Kewadin | — | — |
| Eastport | — | — |
Commercial property in Bellaire, MI asks $911/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Bellaire?
Commercial property in Bellaire, MI asks an average of $911 per square foot. The 5 most recent recorded sales traded at a median of $62/SF, so asking sits 1375% above the achieved median.
What zoning applies to commercial property in Bellaire?
Bellaire, MI zones 1,237 acres across 8 districts, of which 20.1% is commercial and 1.1% industrial. The largest single district is Single Family Residential at 29.4% of zoned land. The purpose of this district and its accompanying regulations is to provide for a stable and sound residential environment on lots of sufficient area to accommodate the Village sewer system Residential zoning covers 30.4% and open space 29.4%.
Where does Realmo's Bellaire market data come from?
Realmo compiles Bellaire, MI figures from 7 recent recorded sales, 104 active sale listings, 522 tracked off-market properties, the current Bellaire zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 104 active for-sale and 0 active for-lease listings in Bellaire, 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: 1,237 zoned acres across 8 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
