Commercial Real Estate Market in Benton Harbor, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
208 active listings and 1,732 off-market properties in Benton Harbor, MI. Commercial property asks $18/SF to buy and $13.71/SF/Yr to lease.
Market Trends
Benton Harbor, MI spans 67.3 square miles in Berrien County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Benton Harbor, MI asks $131/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 Benton Harbor, MI asks $104/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 Benton Harbor, 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 Benton Harbor, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Benton Harbor, MI has 30,143 residents in 14,484 households. Density runs 448 people per square mile. Median household income here is $39,859 and median gross rent $797 a month.
30,143
Population
14,484
Households
2.1
Avg Household Size
39
Median Age
18%
College-Educated
85%
High-School Grad
67.3 sq mi
ZIP Area
448
Density / Sq Mi
$39,859
Median Household Income
$29,530
Median Earnings
$797
Median Rent
$140,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Saint Joseph | — | $16.58 |
| Saint Joe | — | $13.71 |
| Riverside | — | — |
| Sodus | — | — |
Commercial property in Benton Harbor, MI asks $18/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Benton Harbor?
Commercial property in Benton Harbor, MI asks an average of $18 per square foot. The 3 most recent recorded sales traded at a median of $51/SF. Office carries the highest asking price at $131/SF.
How much does it cost to lease commercial space in Benton Harbor?
Asking lease rates in Benton Harbor, MI average $13.71 per square foot per year.
Where does Realmo's Benton Harbor market data come from?
Realmo compiles Benton Harbor, MI figures from 3 recent recorded sales, 161 active sale listings, 47 active lease listings, 1,732 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 161 active for-sale and 47 active for-lease listings in Benton Harbor, 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 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
