Commercial Real Estate Market in Chelsea, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
19 active listings and 430 off-market properties in Chelsea, MI. Commercial property asks $277/SF to buy and $17.67/SF/Yr to lease.
Market Trends
Chelsea, MI spans 86.2 square miles in Washtenaw County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Chelsea, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail space in Chelsea, MI asks $399/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Chelsea, 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 space in Chelsea, MI asks $198/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 34.2%
- Open space 14.4%
- Planned_development 10.8%
- Civic 8.7%
- Mixed use 8.5%
- Industrial 6.6%
Largest Zones share of zoned land by district
Single Family Residential
Recreation Conservation
Public Facilities
Planned Unit Development
Medical And Institutional
Market overview
Demographics & Economy
Chelsea, MI has 13,309 residents in 5,864 households. Density runs 154 people per square mile. Median household income here is $87,934 and median gross rent $1,576 a month.
13,309
Population
5,864
Households
2.3
Avg Household Size
48
Median Age
51%
College-Educated
98%
High-School Grad
86.2 sq mi
ZIP Area
154
Density / Sq Mi
$87,934
Median Household Income
$55,637
Median Earnings
$1,576
Median Rent
$348,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Sylvan Township | — | — |
| Lima Township | — | — |
| Lyndon Twp | — | — |
| Lyndon Township | — | — |
Commercial property in Chelsea, MI asks $277/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Chelsea?
Commercial property in Chelsea, MI asks an average of $277 per square foot. The 3 most recent recorded sales traded at a median of $108/SF, so asking sits 156% above the achieved median. Retail carries the highest asking price at $399/SF.
How much does it cost to lease commercial space in Chelsea?
Asking lease rates in Chelsea, MI average $17.67 per square foot per year.
Where does Realmo's Chelsea market data come from?
Realmo compiles Chelsea, MI figures from 3 recent recorded sales, 14 active sale listings, 5 active lease listings, 430 tracked off-market properties, the current Chelsea zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 14 active for-sale and 5 active for-lease listings in Chelsea, 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: 2,301 zoned acres across 15 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
