Commercial Real Estate Market in Centreville, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
8 active listings and 179 off-market properties in Centreville, MI.
Market Trends
Centreville, MI spans 35.6 square miles in St. Joseph County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Centreville, MI asks $48/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 vacancy in Centreville, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Centreville, 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 Centreville, 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 50.8%
- Commercial 34.6%
- Industrial 7.5%
- Open space 7.1%
Largest Zones share of zoned land by district
General Commercial
Medium Density Residential
Low Density Residential
Industrial
County Fair Grounds
Centreville, MI zones 939 acres across 8 districts. Commercial zoning covers 34.6% of zoned land, residential 50.8%, open space 7.1% and industrial 7.5%. The largest single district is General Commercial at 31.2%. For commercial buyers the practical constraint is that only 42.2% of land carries a commercial or industrial designation.
General Commercial (C-2)
In the case of the C-2 District, to provide opportunities for commercial uses that address the local day-to-day retail, office and service needs of Village residents and visitors, and those of a more regional population
Market overview
Demographics & Economy
Centreville, MI has 3,033 residents in 1,155 households. Density runs 85 people per square mile. Median household income here is $65,781 and median gross rent $791 a month.
3,033
Population
1,155
Households
2.6
Avg Household Size
40
Median Age
11%
College-Educated
80%
High-School Grad
35.6 sq mi
ZIP Area
85
Density / Sq Mi
$65,781
Median Household Income
$33,974
Median Earnings
$791
Median Rent
$160,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Nottawa | — | — |
| Mendon | — | — |
| Three Rivers | — | $9.67 |
| Constantine | — | — |
Commercial property in Centreville, MI asks $186/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Centreville?
Commercial property in Centreville, MI asks an average of $186 per square foot. Office carries the highest asking price at $48/SF.
What zoning applies to commercial property in Centreville?
Centreville, MI zones 939 acres across 8 districts, of which 34.6% is commercial and 7.5% industrial. The largest single district is General Commercial at 31.2% of zoned land. In the case of the C-2 District, to provide opportunities for commercial uses that address the local day-to-day retail, office and service needs of Village residents and visitors, and those of a more regional population Residential zoning covers 50.8% and open space 7.1%.
Where does Realmo's Centreville market data come from?
Realmo compiles Centreville, MI figures from 7 recent recorded sales, 8 active sale listings, 179 tracked off-market properties, the current Centreville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 8 active for-sale and 0 active for-lease listings in Centreville, 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: 939 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
