Commercial Real Estate Market in Coleman, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
5 active listings and 233 off-market properties in Coleman, MI.
Market Trends
Coleman, MI spans 102.5 square miles in Midland County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Coleman, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Coleman, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Coleman, 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%.
Multifamily
Multifamily vacancy in Coleman, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 73.5%
- Industrial 14.8%
- Commercial 9.3%
Largest Zones share of zoned land by district
Coleman, MI zones 811 acres across 7 districts. Commercial zoning covers 9.3% of zoned land, residential 73.5% and industrial 14.8%. The largest single district is Low Density Residential at 62.5%. For commercial buyers the practical constraint is that only 24.1% of land carries a commercial or industrial designation.
This, district is intended primarily for single family residential uses together with compatible uses, the purpose of this zone is to encourage a residential environment of low density dwellings
Market overview
Demographics & Economy
Coleman, MI has 5,299 residents in 2,443 households. Density runs 52 people per square mile. Median household income here is $58,523 and median gross rent $760 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Beaverton | $116 | — |
| Mount Pleasant | $87 | $15.18 |
| Shepherd | $135 | — |
Commercial property in Coleman, MI asks $39/SF. The 3 bordering markets run from $87/SF in Mount Pleasant to $135/SF in Shepherd, and the city sits below their $116/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Coleman?
How does Coleman compare to nearby markets on price?
What zoning applies to commercial property in Coleman?
Where does Realmo's Coleman market data come from?
Methodology & data sources
- Asking prices and medians
- There are 5 active for-sale and 0 active for-lease listings in Coleman, MI. The sale median is based on 3 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 811 zoned acres across 7 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
