Commercial Real Estate Market in Caledonia, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
31 active listings and 563 off-market properties in Caledonia, MI.
Market Trends
Caledonia, MI spans 57.1 square miles in Kent County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Caledonia, MI asks $147/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 Caledonia, MI asks $206/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 Caledonia, 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 Caledonia, MI asks $162/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 65%
- Planned_development 30%
- Commercial 5.1%
Largest Zones share of zoned land by district
Planned Unit Development
Low Density Single Family District
Agricultural Residential
Medium Density Single Family District
Highway Business
Caledonia, MI zones 1,057 acres across 8 districts. Commercial zoning covers 5.1% of zoned land, residential 65%. The largest single district is Planned Unit Development at 30%. For commercial buyers the practical constraint is that only 5.1% of land carries a commercial or industrial designation.
Planned Unit Development (PUD)
Section 12.2 PUD Eligibility. A Planned Unit Development may be considered in any location within the Village of Caledonia. Any land use authorized in this Ordinance may be requested to be included in a Planned Unit Development, as a principal or accessory use, as well as any other legal land use not otherwise authorized in this Ordinance. Authorization of s…
Market overview
Demographics & Economy
Caledonia, MI has 24,742 residents in 9,673 households. Density runs 433 people per square mile. Median household income here is $101,548 and median gross rent $1,299 a month.
24,742
Population
9,673
Households
2.6
Avg Household Size
38
Median Age
45%
College-Educated
96%
High-School Grad
57.1 sq mi
ZIP Area
433
Density / Sq Mi
$101,548
Median Household Income
$49,178
Median Earnings
$1,299
Median Rent
$338,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Alto | — | — |
| Middlevle | — | — |
| Moline | — | — |
| East Grand Rapids | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Caledonia?
Caledonia, MI zones 1,057 acres across 8 districts, of which 5.1% is commercial and 0% industrial. The largest single district is Planned Unit Development at 30% of zoned land. Section 12.2 PUD Eligibility. A Planned Unit Development may be considered in any location within the Village of Caledonia. Any land use authorized in this Ordinance may be requested to be included in a Planned Unit Development, as a principal or accessory use, as well as any other legal land use not otherwise authorized in this Ordinance. Authorization of s… Residential zoning covers 65% and open space 0%.
Where does Realmo's Caledonia market data come from?
Realmo compiles Caledonia, MI figures from 5 recent recorded sales, 22 active sale listings, 9 active lease listings, 563 tracked off-market properties, the current Caledonia zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 22 active for-sale and 9 active for-lease listings in Caledonia, 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: 1,057 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
