Commercial Real Estate Market in Caledonia, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
13 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 October 2026.
Office
Office vacancy in Caledonia, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Caledonia, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily vacancy in Caledonia, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
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
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.
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.
Tools
Nearby Markets
Frequently Asked Questions
How much does it cost to lease commercial space in Caledonia?
What zoning applies to commercial property in Caledonia?
Where does Realmo's Caledonia market data come from?
Methodology & data sources
- Asking prices and medians
- There are 3 active for-sale and 10 active for-lease listings in Caledonia, MI. Too few for-sale listings state a price per square foot for a sale median; the rent median is based on 6 of the for-lease listings that state a rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
