Commercial Real Estate Market in Fort Gratiot, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
42 active listings and 293 off-market properties in Fort Gratiot, MI. Commercial property asks $137/SF to buy and $18.65/SF/Yr to lease.
Market Trends
Fort Gratiot, MI spans 31.7 square miles in St. Clair County, Michigan. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Fort Gratiot, MI asks $102/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 Fort Gratiot, MI asks $80/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 Fort Gratiot, 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 space in Fort Gratiot, MI asks $140/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Fort Gratiot, MI has 15,319 residents in 7,324 households. Density runs 483 people per square mile. Median household income here is $78,841 and median gross rent $956 a month.
15,319
Population
7,324
Households
2.1
Avg Household Size
47
Median Age
30%
College-Educated
94%
High-School Grad
31.7 sq mi
ZIP Area
483
Density / Sq Mi
$78,841
Median Household Income
$44,716
Median Earnings
$956
Median Rent
$199,200
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Fort Gratiot?
Commercial property in Fort Gratiot, MI asks an average of $137 per square foot. The 4 most recent recorded sales traded at a median of $389/SF. Multifamily carries the highest asking price at $140/SF.
How much does it cost to lease commercial space in Fort Gratiot?
Asking lease rates in Fort Gratiot, MI average $18.65 per square foot per year.
Where does Realmo's Fort Gratiot market data come from?
Realmo compiles Fort Gratiot, MI figures from 5 recent recorded sales, 32 active sale listings, 10 active lease listings, 293 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 32 active for-sale and 10 active for-lease listings in Fort Gratiot, 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 30 September 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 30 September 2026 · report a data issue
