Commercial Real Estate Market in Charlotte, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
33 active listings and 1,726 off-market properties in Charlotte, MI. Commercial property asks $27/SF to buy and $12.67/SF/Yr to lease.
Market Trends
Charlotte, MI spans 168.1 square miles in Eaton County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Charlotte, 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 Charlotte, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Charlotte, 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 Charlotte, 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 67.6%
- Industrial 22.9%
- Commercial 8.5%
- Planned_development 0.2%
- Open space 0.1%
Largest Zones share of zoned land by district
One Family Residential
General Industrial
One Family Residential
Light Industrial
General Business
Charlotte, MI zones 4,056 acres across 16 districts. Commercial zoning covers 8.5% of zoned land, residential 67.6%, open space 0.1% and industrial 22.9%. The largest single district is One Family Residential at 41.9%. For commercial buyers the practical constraint is that only 31.5% of land carries a commercial or industrial designation.
One Family Residential (R-1)
The R-1 and R-2 One-Family Residential Districts are designed to be composed of low density residential home development. The regulations are intended to stabilize, protect and encourage the residential character of the district and prohibit activities not compatible with a residential neighborhood. Development is limited to single-family dwellings, plus suc…
Market overview
Demographics & Economy
Charlotte, MI has 21,068 residents in 8,174 households. Density runs 125 people per square mile. Median household income here is $77,431 and median gross rent $870 a month.
21,068
Population
8,174
Households
2.6
Avg Household Size
42
Median Age
19%
College-Educated
93%
High-School Grad
168.1 sq mi
ZIP Area
125
Density / Sq Mi
$77,431
Median Household Income
$41,723
Median Earnings
$870
Median Rent
$178,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Potterville | — | — |
| Vermontville | — | — |
| Olivet | — | — |
| Eaton Rapids | — | — |
Commercial property in Charlotte, MI asks $27/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Charlotte?
Commercial property in Charlotte, MI asks an average of $27 per square foot. The 4 most recent recorded sales traded at a median of $48/SF.
How much does it cost to lease commercial space in Charlotte?
Asking lease rates in Charlotte, MI average $12.67 per square foot per year.
What zoning applies to commercial property in Charlotte?
Charlotte, MI zones 4,056 acres across 16 districts, of which 8.5% is commercial and 22.9% industrial. The largest single district is One Family Residential at 41.9% of zoned land. The R-1 and R-2 One-Family Residential Districts are designed to be composed of low density residential home development. The regulations are intended to stabilize, protect and encourage the residential character of the district and prohibit activities not compatible with a residential neighborhood. Development is limited to single-family dwellings, plus suc… Residential zoning covers 67.6% and open space 0.1%.
Where does Realmo's Charlotte market data come from?
Realmo compiles Charlotte, MI figures from 6 recent recorded sales, 31 active sale listings, 2 active lease listings, 1,726 tracked off-market properties, the current Charlotte zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 31 active for-sale and 2 active for-lease listings in Charlotte, 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: 4,056 zoned acres across 16 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
