Commercial Real Estate Market in Dowagiac, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
60 active listings and 779 off-market properties in Dowagiac, MI. Commercial property asks $15/SF to buy and $13.20/SF/Yr to lease.
Market Trends
Dowagiac, MI spans 119.3 square miles in Cass County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Dowagiac, 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 Dowagiac, MI asks $133/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 Dowagiac, 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 Dowagiac, 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 55.8%
- Industrial 36.4%
- Commercial 3.4%
- Planned_development 2.4%
- Civic 0.8%
Largest Zones share of zoned land by district
Low Density Residential
Light Industrial
Medium Density Residential
Industrial Park
Multifamily Residential
Dowagiac, MI zones 2,521 acres across 12 districts. Commercial zoning covers 3.4% of zoned land, residential 55.8% and industrial 36.4%. The largest single district is Low Density Residential at 26.4%. For commercial buyers the practical constraint is that only 39.9% of land carries a commercial or industrial designation.
Medium Density Residential (R-2)
E. In the R-2 RESIDENTIAL and R-3 zone districts, the eave line of a detached accessory building shall not be located closer than three (3) feet to any side or rear lot line, unless otherwise provided in this Section. F. No accessory building shall be used in any part for residential dwelling or sleeping purposes. G. Any accessory building with an area great…
Market overview
Demographics & Economy
Dowagiac, MI has 14,541 residents in 8,205 households. Density runs 122 people per square mile. Median household income here is $55,469 and median gross rent $750 a month.
14,541
Population
8,205
Households
1.8
Avg Household Size
41
Median Age
21%
College-Educated
89%
High-School Grad
119.3 sq mi
ZIP Area
122
Density / Sq Mi
$55,469
Median Household Income
$38,033
Median Earnings
$750
Median Rent
$182,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Berrien Center | — | — |
| Cassopolis | — | $14.71 |
| Eau Claire | — | — |
| Decatur | — | — |
Commercial property in Dowagiac, MI asks $15/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Dowagiac?
Commercial property in Dowagiac, MI asks an average of $15 per square foot. Retail carries the highest asking price at $133/SF.
How much does it cost to lease commercial space in Dowagiac?
Asking lease rates in Dowagiac, MI average $13.20 per square foot per year.
What zoning applies to commercial property in Dowagiac?
Dowagiac, MI zones 2,521 acres across 12 districts, of which 3.4% is commercial and 36.4% industrial. The largest single district is Low Density Residential at 26.4% of zoned land. Residential zoning covers 55.8% and open space 0%.
Where does Realmo's Dowagiac market data come from?
Realmo compiles Dowagiac, MI figures from 3 recent recorded sales, 50 active sale listings, 10 active lease listings, 779 tracked off-market properties, the current Dowagiac zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 50 active for-sale and 10 active for-lease listings in Dowagiac, 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: 2,521 zoned acres across 12 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
