Commercial Real Estate Market in Essexville, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
10 active listings and 250 off-market properties in Essexville, MI. Commercial property asks $25/SF to buy and $8.00/SF/Yr to lease.
Market Trends
Essexville, MI spans 24.6 square miles in Bay County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Essexville, 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 Essexville, MI asks $71/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 Essexville, 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 Essexville, 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
- Civic 65.5%
- Industrial 14.8%
- Commercial 14.4%
- Mixed use 5.2%
Largest Zones share of zoned land by district
Single Family District
Business Commerce Park
Industrial Heavy
Development District
Mixed Use District
Single Family District (R-1)
No accessory building of any type shall be allowed to exist upon any parcel of land in a zoning district designated as R-1 Single-Family Residential, O Office District, or R-O Residential-Office unless there also exists on the same parcel of land a principal building. If a principal building shall cease to exist on any parcel of land in said districts, all a…
Market overview
Demographics & Economy
Essexville, MI has 11,177 residents in 5,329 households. Density runs 454 people per square mile. Median household income here is $53,466 and median gross rent $759 a month.
11,177
Population
5,329
Households
2.1
Avg Household Size
44
Median Age
21%
College-Educated
94%
High-School Grad
24.6 sq mi
ZIP Area
454
Density / Sq Mi
$53,466
Median Household Income
$36,392
Median Earnings
$759
Median Rent
$160,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bay City | — | $14.38 |
| Kawkawlin | — | — |
| Munger | — | — |
| Auburn | — | — |
Commercial property in Essexville, MI asks $25/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Essexville?
Commercial property in Essexville, MI asks an average of $25 per square foot. Retail carries the highest asking price at $71/SF.
How much does it cost to lease commercial space in Essexville?
Asking lease rates in Essexville, MI average $8.00 per square foot per year.
Where does Realmo's Essexville market data come from?
Realmo compiles Essexville, MI figures from 5 recent recorded sales, 9 active sale listings, 1 active lease listings, 250 tracked off-market properties, the current Essexville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 9 active for-sale and 1 active for-lease listings in Essexville, 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: 818 zoned acres across 10 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
