Commercial Real Estate Market in Carleton, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
34 active listings and 254 off-market properties in Carleton, MI.
Market Trends
Carleton, MI spans 54.1 square miles. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Carleton, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Carleton, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Carleton, 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 Carleton, 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 83.1%
- Industrial 10.2%
- Commercial 6.7%
Largest Zones share of zoned land by district
Single Family Residential District
Mobile Home Park
Light Industrial District
Commercial District
Multiple Family Residential District
Carleton, MI zones 616 acres across 5 districts. Commercial zoning covers 6.7% of zoned land, residential 83.1% and industrial 10.2%. The largest single district is Single Family Residential District at 68.5%. For commercial buyers the practical constraint is that only 16.9% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Carleton, MI has 10,154 residents in 4,316 households. Density runs 188 people per square mile. Median household income here is $76,600 and median gross rent $1,081 a month.
10,154
Population
4,316
Households
2.4
Avg Household Size
46
Median Age
14%
College-Educated
92%
High-School Grad
54.1 sq mi
ZIP Area
188
Density / Sq Mi
$76,600
Median Household Income
$52,338
Median Earnings
$1,081
Median Rent
$276,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Brownstown Township | $77 (county avg) | $14.99 |
| Flat Rock | $77 (county avg) | $9.83 |
| Rockwood | $77 (county avg) | — |
Commercial property in Carleton, MI asks $2,310/SF. The 3 bordering markets run from $77/SF in Brownstown Township to $77/SF in Brownstown Township, and the city sits above their $77/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Carleton?
Commercial property in Carleton, MI asks an average of $2,310 per square foot.
How does Carleton compare to nearby markets on price?
Carleton, MI asks $2,310/SF against $77/SF in Brownstown Township, $77/SF in Flat Rock and $77/SF in Rockwood. Brownstown Township is the cheapest entry point at 97% below Carleton pricing, with $14.99/SF/Yr asking rents.
What zoning applies to commercial property in Carleton?
Carleton, MI zones 616 acres across 5 districts, of which 6.7% is commercial and 10.2% industrial. The largest single district is Single Family Residential District at 68.5% of zoned land. Residential zoning covers 83.1% and open space 0%.
Where does Realmo's Carleton market data come from?
Realmo compiles Carleton, MI figures from 2 recent recorded sales, 31 active sale listings, 3 active lease listings, 254 tracked off-market properties, the current Carleton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 31 active for-sale and 3 active for-lease listings in Carleton, 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: 616 zoned acres across 5 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 30 September 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 30 September 2026 · report a data issue
