Commercial Real Estate Market in Decatur, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
17 active listings and 183 off-market properties in Decatur, MI.
Market Trends
Decatur, MI spans 86.4 square miles in Van Buren County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Decatur, MI asks $141/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 space in Decatur, MI asks $128/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 Decatur, 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 Decatur, 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 61.6%
- Industrial 34.6%
- Commercial 3.9%
Largest Zones share of zoned land by district
One And Two Family Residential District
Industrial District
General Business District
Multiple Family Residential District
Central Business District
Decatur, MI zones 911 acres across 5 districts. Commercial zoning covers 3.9% of zoned land, residential 61.6% and industrial 34.6%. The largest single district is One And Two Family Residential District at 56.7%. For commercial buyers the practical constraint is that only 38.4% of land carries a commercial or industrial designation.
Industrial District (I)
The purpose of this district is to provide for a wide variety of light manufacturing, fabricating, processing wholesale distributing, and warehousing uses appropriately located for access by major thoroughfares or railroads. Commercial uses and open storage of materials are permitted but new residential development is excluded.
Market overview
Demographics & Economy
Decatur, MI has 5,256 residents in 2,855 households. Density runs 61 people per square mile. Median household income here is $58,328 and median gross rent $824 a month.
5,256
Population
2,855
Households
1.8
Avg Household Size
44
Median Age
14%
College-Educated
87%
High-School Grad
86.4 sq mi
ZIP Area
61
Density / Sq Mi
$58,328
Median Household Income
$38,182
Median Earnings
$824
Median Rent
$170,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lawton | — | — |
| Lawrence | — | — |
| Paw Paw | — | — |
| Marcellus | — | — |
Commercial property in Decatur, MI asks $66/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Decatur?
Commercial property in Decatur, MI asks an average of $66 per square foot. The 4 most recent recorded sales traded at a median of $59/SF, so asking sits 13% above the achieved median. Office carries the highest asking price at $141/SF.
What zoning applies to commercial property in Decatur?
Decatur, MI zones 911 acres across 5 districts, of which 3.9% is commercial and 34.6% industrial. The largest single district is One And Two Family Residential District at 56.7% of zoned land. Residential zoning covers 61.6% and open space 0%.
Where does Realmo's Decatur market data come from?
Realmo compiles Decatur, MI figures from 4 recent recorded sales, 17 active sale listings, 183 tracked off-market properties, the current Decatur zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 17 active for-sale and 0 active for-lease listings in Decatur, 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: 911 zoned acres across 5 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
