Commercial Real Estate Market in Eaton Rapids, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
27 active listings and 1,311 off-market properties in Eaton Rapids, MI. Commercial property asks $4/SF to buy and $15.53/SF/Yr to lease.
Market Trends
Eaton Rapids, MI spans 113.9 square miles in Eaton County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Eaton Rapids, 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 Eaton Rapids, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Eaton Rapids, 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 Eaton Rapids, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Eaton Rapids, MI has 15,889 residents in 6,656 households. Density runs 140 people per square mile. Median household income here is $76,230 and median gross rent $978 a month.
15,889
Population
6,656
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
94%
High-School Grad
113.9 sq mi
ZIP Area
140
Density / Sq Mi
$76,230
Median Household Income
$43,066
Median Earnings
$978
Median Rent
$206,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Onondaga | — | — |
| Springport | — | — |
| Potterville | — | — |
| Dimondale | — | — |
Commercial property in Eaton Rapids, MI asks $4/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Eaton Rapids?
Commercial property in Eaton Rapids, MI asks an average of $4 per square foot. The 3 most recent recorded sales traded at a median of $51/SF.
How much does it cost to lease commercial space in Eaton Rapids?
Asking lease rates in Eaton Rapids, MI average $15.53 per square foot per year.
Where does Realmo's Eaton Rapids market data come from?
Realmo compiles Eaton Rapids, MI figures from 6 recent recorded sales, 26 active sale listings, 1 active lease listings, 1,311 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 26 active for-sale and 1 active for-lease listings in Eaton Rapids, 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.
- 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
