Commercial Real Estate Market in Caro, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
14 active listings and 762 off-market properties in Caro, MI.
Market Trends
Caro, MI spans 131.8 square miles in Tuscola County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Caro, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Caro, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Caro, 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 Caro, 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 63.7%
- Commercial 16.8%
- Industrial 15.4%
- Mixed use 1.7%
- Open space 0.6%
Largest Zones share of zoned land by district
Caro, MI zones 1,764 acres across 21 districts. Commercial zoning covers 16.8% of zoned land, residential 63.7%, open space 0.6% and industrial 15.4%. The largest single district is One Family Residential at 35.1%. For commercial buyers the practical constraint is that only 32.2% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Caro, MI has 11,953 residents in 5,175 households. Density runs 91 people per square mile. Median household income here is $56,618 and median gross rent $737 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Caro?
What zoning applies to commercial property in Caro?
Where does Realmo's Caro market data come from?
Methodology & data sources
- Asking prices and medians
- There are 9 active for-sale and 5 active for-lease listings in Caro, MI. The sale median is based on 4 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. 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: 1,764 zoned acres across 21 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
