Commercial Real Estate Market in Buchanan, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
24 active listings and 491 off-market properties in Buchanan, MI. Commercial property asks $97/SF to buy and $8.00/SF/Yr to lease.
Market Trends
Buchanan, MI spans 66.3 square miles in Berrien County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Buchanan, 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 Buchanan, 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 Buchanan, 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 Buchanan, 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 57.7%
- Industrial 16.6%
- Mixed use 7.8%
- Commercial 3.3%
- Planned_development 1.1%
Largest Zones share of zoned land by district
General Neighborhood
Neighborhood Edge
Industrial
Natural
Neighborhood Center
Buchanan, MI zones 1,622 acres across 8 districts. Commercial zoning covers 3.3% of zoned land, residential 57.7% and industrial 16.6%. The largest single district is General Neighborhood at 29.6%. For commercial buyers the practical constraint is that only 19.9% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Buchanan, MI has 10,066 residents in 5,096 households. Density runs 152 people per square mile. Median household income here is $65,118 and median gross rent $987 a month.
10,066
Population
5,096
Households
2
Avg Household Size
43
Median Age
21%
College-Educated
92%
High-School Grad
66.3 sq mi
ZIP Area
152
Density / Sq Mi
$65,118
Median Household Income
$35,223
Median Earnings
$987
Median Rent
$174,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Niles | — | $11.78 |
| Galien | — | — |
| Glendora | — | — |
| Berrien Springs | — | — |
Commercial property in Buchanan, MI asks $97/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Buchanan?
Commercial property in Buchanan, MI asks an average of $97 per square foot. The 3 most recent recorded sales traded at a median of $97/SF. Office carries the highest asking price at $131/SF.
How much does it cost to lease commercial space in Buchanan?
Asking lease rates in Buchanan, MI average $8.00 per square foot per year.
What zoning applies to commercial property in Buchanan?
Buchanan, MI zones 1,622 acres across 8 districts, of which 3.3% is commercial and 16.6% industrial. The largest single district is General Neighborhood at 29.6% of zoned land. Residential zoning covers 57.7% and open space 0%.
Where does Realmo's Buchanan market data come from?
Realmo compiles Buchanan, MI figures from 3 recent recorded sales, 23 active sale listings, 1 active lease listings, 491 tracked off-market properties, the current Buchanan zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 23 active for-sale and 1 active for-lease listings in Buchanan, 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: 1,622 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 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
