Commercial Real Estate Market in Coleman, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
15 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 August 2026.
Office
Office vacancy in Coleman, 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 Coleman, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Coleman, 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 73.5%
- Industrial 14.8%
- Commercial 9.3%
Largest Zones share of zoned land by district
Low Density Residential
Light Industrial
Medium Density Residential
Regional Business
Central Business 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.
Low Density Residential (R-1)
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.
5,299
Population
2,443
Households
2.2
Avg Household Size
45
Median Age
13%
College-Educated
92%
High-School Grad
102.5 sq mi
ZIP Area
52
Density / Sq Mi
$58,523
Median Household Income
$37,793
Median Earnings
$760
Median Rent
$120,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Clare | — | — |
| Rosebush | — | — |
| Beaverton | — | — |
| Edenville | — | — |
Commercial property in Coleman, MI asks $7/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Coleman?
Commercial property in Coleman, MI asks an average of $7 per square foot. The 5 most recent recorded sales traded at a median of $19/SF.
What zoning applies to commercial property in Coleman?
Coleman, MI zones 811 acres across 7 districts, of which 9.3% is commercial and 14.8% industrial. The largest single district is Low Density Residential at 62.5% of zoned land. 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 Residential zoning covers 73.5% and open space 0%.
Where does Realmo's Coleman market data come from?
Realmo compiles Coleman, MI figures from 5 recent recorded sales, 15 active sale listings, 233 tracked off-market properties, the current Coleman zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 15 active for-sale and 0 active for-lease listings in Coleman, 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: 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 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
