Commercial Real Estate Market in Colon, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
8 active listings and 126 off-market properties in Colon, MI.
Market Trends
Colon, MI spans 41.2 square miles in St. Joseph County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Colon, MI asks $48/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 vacancy in Colon, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Colon, 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 Colon, 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 42.8%
- Open space 20.2%
- Special 14.5%
- Mixed use 10.5%
- Commercial 7.1%
- Industrial 4.3%
Largest Zones share of zoned land by district
General Residence
Public Parks And Facilities
Historical
Mixed Use
Lakefront Residential
Colon, MI zones 872 acres across 9 districts. Commercial zoning covers 7.1% of zoned land, residential 42.8%, open space 20.2% and industrial 4.3%. The largest single district is General Residence at 32.6%. For commercial buyers the practical constraint is that only 11.4% of land carries a commercial or industrial designation.
General Residence (R-2)
This provide for opportunities for single-family and two-family residential development patterns and lifestyles of a medium density versus that of the R-1 District and of an urban character
Market overview
Demographics & Economy
Colon, MI has 3,404 residents in 1,956 households. Density runs 83 people per square mile. Median household income here is $58,693 and median gross rent $793 a month.
3,404
Population
1,956
Households
1.7
Avg Household Size
43
Median Age
14%
College-Educated
74%
High-School Grad
41.2 sq mi
ZIP Area
83
Density / Sq Mi
$58,693
Median Household Income
$36,304
Median Earnings
$793
Median Rent
$123,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Leonidas | — | — |
| Nottawa | — | — |
| Mendon | — | — |
| Burr Oak | — | — |
Commercial property in Colon, MI asks $437/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Colon?
Commercial property in Colon, MI asks an average of $437 per square foot. Office carries the highest asking price at $48/SF.
What zoning applies to commercial property in Colon?
Colon, MI zones 872 acres across 9 districts, of which 7.1% is commercial and 4.3% industrial. The largest single district is General Residence at 32.6% of zoned land. This provide for opportunities for single-family and two-family residential development patterns and lifestyles of a medium density versus that of the R-1 District and of an urban character Residential zoning covers 42.8% and open space 20.2%.
Where does Realmo's Colon market data come from?
Realmo compiles Colon, MI figures from 3 recent recorded sales, 8 active sale listings, 126 tracked off-market properties, the current Colon zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 8 active for-sale and 0 active for-lease listings in Colon, 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: 872 zoned acres across 9 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
