Commercial Real Estate Market in Chesterfield, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
135 active listings and 1,157 off-market properties in Chesterfield, MI. Commercial property asks $63/SF to buy and $15.28/SF/Yr to lease.
Market Trends
Chesterfield, MI spans 32.2 square miles in Macomb County, Michigan. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Chesterfield, MI asks $149/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 space in Chesterfield, MI asks $124/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 Chesterfield, 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 Chesterfield, MI asks $138/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
Market overview
Demographics & Economy
Chesterfield, MI has 57,493 residents in 24,020 households. Density runs 1,786 people per square mile. Median household income here is $93,699 and median gross rent $1,095 a month.
57,493
Population
24,020
Households
2.4
Avg Household Size
42
Median Age
27%
College-Educated
93%
High-School Grad
32.2 sq mi
ZIP Area
1,786
Density / Sq Mi
$93,699
Median Household Income
$50,280
Median Earnings
$1,095
Median Rent
$282,160
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| New Haven | — | — |
| New Baltimore | — | $15.28 |
Commercial property in Chesterfield, MI asks $63/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Chesterfield?
Commercial property in Chesterfield, MI asks an average of $63 per square foot. The 3 most recent recorded sales traded at a median of $202/SF. Office carries the highest asking price at $149/SF.
How much does it cost to lease commercial space in Chesterfield?
Asking lease rates in Chesterfield, MI average $15.28 per square foot per year.
Where does Realmo's Chesterfield market data come from?
Realmo compiles Chesterfield, MI figures from 3 recent recorded sales, 93 active sale listings, 42 active lease listings, 1,157 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 93 active for-sale and 42 active for-lease listings in Chesterfield, 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.
- 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
