Commercial Real Estate Market in Clayton, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
7 active listings and 34 off-market properties in Clayton, MI.
Market Trends
Clayton, MI spans 48.8 square miles in Lenawee County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Clayton, 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 Clayton, MI asks $71/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 Clayton, 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 Clayton, 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 96%
- Commercial 3%
- Industrial 1%
Largest Zones share of zoned land by district
Agricultural Residential District
Commercial District
Industrial District
Clayton, MI zones 434 acres across 3 districts. Commercial zoning covers 3% of zoned land, residential 96% and industrial 1%. The largest single district is Agricultural Residential District at 96%. For commercial buyers the practical constraint is that only 4% of land carries a commercial or industrial designation.
Agricultural Residential District (R-1)
The purpose of this district is to encourage the construction of, and the continued use of the land for single family dwellings, Land with agricultural value can continue to be worked until its conversion to urban uses.
Market overview
Demographics & Economy
Clayton, MI has 1,899 residents in 888 households. Density runs 39 people per square mile. Median household income here is $63,929 and median gross rent $1,051 a month.
1,899
Population
888
Households
2.1
Avg Household Size
43
Median Age
12%
College-Educated
82%
High-School Grad
48.8 sq mi
ZIP Area
39
Density / Sq Mi
$63,929
Median Household Income
$36,523
Median Earnings
$1,051
Median Rent
$172,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Clayton Township | — | — |
| Rollin | — | — |
| Hudson | — | — |
| Seneca | — | — |
Commercial property in Clayton, MI asks $7/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Clayton?
Commercial property in Clayton, MI asks an average of $7 per square foot. Retail carries the highest asking price at $71/SF.
What zoning applies to commercial property in Clayton?
Clayton, MI zones 434 acres across 3 districts, of which 3% is commercial and 1% industrial. The largest single district is Agricultural Residential District at 96% of zoned land. The purpose of this district is to encourage the construction of, and the continued use of the land for single family dwellings, Land with agricultural value can continue to be worked until its conversion to urban uses. Residential zoning covers 96% and open space 0%.
Where does Realmo's Clayton market data come from?
Realmo compiles Clayton, MI figures from 7 active sale listings, 34 tracked off-market properties, the current Clayton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 7 active for-sale and 0 active for-lease listings in Clayton, 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: 434 zoned acres across 3 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
