Commercial Real Estate Market in Clare, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
16 active listings and 647 off-market properties in Clare, MI. Commercial property asks $385/SF to buy and $9.00/SF/Yr to lease.
Market Trends
Clare, MI spans 137.5 square miles in Clare County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Clare, 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 Clare, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Clare, 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 Clare, 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 51.1%
- Commercial 27.3%
- Industrial 21.6%
Largest Zones share of zoned land by district
Residential
Commercial
Industrial 1
Residential
Industrial Park
Clare, MI zones 2,291 acres across 6 districts. Commercial zoning covers 27.3% of zoned land, residential 51.1% and industrial 21.6%. The largest single district is Residential at 39.2%. For commercial buyers the practical constraint is that only 48.9% of land carries a commercial or industrial designation.
Residential (R-1)
The following accessory uses and buildings are permitted in R-1 single-family districts: (1) Private garages. (2) Accessory buildings. (3) Home occupations, when carried on by the occupants within the dwelling and not in an accessory building. (4) Signs, as follows: a. One bulletin board for a church or school, not exceeding 12 square feet in area, when loca…
Market overview
Demographics & Economy
Clare, MI has 8,902 residents in 4,087 households. Density runs 65 people per square mile. Median household income here is $56,601 and median gross rent $826 a month.
8,902
Population
4,087
Households
2.2
Avg Household Size
40
Median Age
15%
College-Educated
86%
High-School Grad
137.5 sq mi
ZIP Area
65
Density / Sq Mi
$56,601
Median Household Income
$31,385
Median Earnings
$826
Median Rent
$154,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Coleman | — | — |
| Four Mile Lk | — | — |
| Rosebush | — | — |
| Beaverton | — | — |
Commercial property in Clare, MI asks $385/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Clare?
Commercial property in Clare, MI asks an average of $385 per square foot.
How much does it cost to lease commercial space in Clare?
Asking lease rates in Clare, MI average $9.00 per square foot per year.
What zoning applies to commercial property in Clare?
Clare, MI zones 2,291 acres across 6 districts, of which 27.3% is commercial and 21.6% industrial. The largest single district is Residential at 39.2% of zoned land. The following accessory uses and buildings are permitted in R-1 single-family districts: (1) Private garages. (2) Accessory buildings. (3) Home occupations, when carried on by the occupants within the dwelling and not in an accessory building. (4) Signs, as follows: a. One bulletin board for a church or school, not exceeding 12 square feet in area, when loca… Residential zoning covers 51.1% and open space 0%.
Where does Realmo's Clare market data come from?
Realmo compiles Clare, MI figures from 13 active sale listings, 3 active lease listings, 647 tracked off-market properties, the current Clare zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 13 active for-sale and 3 active for-lease listings in Clare, 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: 2,291 zoned acres across 6 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
