Commercial Real Estate Market in Belleville, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
121 active listings and 1,067 off-market properties in Belleville, MI. Commercial property asks $74/SF to buy and $11.62/SF/Yr to lease.
Market Trends
Belleville, MI spans 66.9 square miles in Wayne County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Belleville, MI asks $89/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 Belleville, MI asks $78/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 Belleville, 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 Belleville, MI asks $61/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 46.8%
- Commercial 30.8%
- Industrial 21.3%
- Planned_development 0.7%
- Open space 0.3%
Largest Zones share of zoned land by district
One Family Residential
Central Business
Industrial Park
Industrial
Industrial
Belleville, MI zones 294 acres across 13 districts. Commercial zoning covers 30.8% of zoned land, residential 46.8%, open space 0.3% and industrial 21.3%. The largest single district is One Family Residential at 43.7%. For commercial buyers the practical constraint is that only 52.1% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Belleville, MI has 44,055 residents in 19,406 households. Density runs 659 people per square mile. Median household income here is $74,125 and median gross rent $1,162 a month.
44,055
Population
19,406
Households
2.3
Avg Household Size
40
Median Age
27%
College-Educated
92%
High-School Grad
66.9 sq mi
ZIP Area
659
Density / Sq Mi
$74,125
Median Household Income
$42,194
Median Earnings
$1,162
Median Rent
$239,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Romulus | $74 (county avg) | $9.73 |
| Westland | $74 (county avg) | $15.25 |
| Brownstown Township | $74 (county avg) | $14.99 |
| Wayne | $74 (county avg) | $18.05 |
Commercial property in Belleville, MI asks $74/SF. The 4 bordering markets run from $74/SF in Romulus to $74/SF in Romulus, and the city sits in line with their $74/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Belleville?
Commercial property in Belleville, MI asks an average of $74 per square foot. The 3 most recent recorded sales traded at a median of $329/SF. Office carries the highest asking price at $89/SF.
How much does it cost to lease commercial space in Belleville?
Asking lease rates in Belleville, MI average $11.62 per square foot per year.
How does Belleville compare to nearby markets on price?
Belleville, MI asks $74/SF against $74/SF in Romulus, $74/SF in Westland, $74/SF in Brownstown Township and $74/SF in Wayne.
What zoning applies to commercial property in Belleville?
Belleville, MI zones 294 acres across 13 districts, of which 30.8% is commercial and 21.3% industrial. The largest single district is One Family Residential at 43.7% of zoned land. Residential zoning covers 46.8% and open space 0.3%.
Where does Realmo's Belleville market data come from?
Realmo compiles Belleville, MI figures from 4 recent recorded sales, 87 active sale listings, 34 active lease listings, 1,067 tracked off-market properties, the current Belleville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 87 active for-sale and 34 active for-lease listings in Belleville, 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.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- 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: 294 zoned acres across 13 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
