Commercial Real Estate Market in Gaines, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 55 off-market properties in Gaines, MI.
Market Trends
Gaines, MI spans 32.6 square miles in Genesee County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Gaines, MI asks $64/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 Gaines, MI asks $60/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 Gaines, 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 Gaines, MI asks $109/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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 98%
- Commercial 2.1%
Largest Zones share of zoned land by district
Single Family Residential
Residential Agricultural
Single Family Residential
Multiple Family Residential
Fringe Commercial Restricted Industry
Gaines, MI zones 192 acres across 6 districts. Commercial zoning covers 2.1% of zoned land, residential 98%. The largest single district is Single Family Residential at 40.9%. For commercial buyers the practical constraint is that only 2.1% of land carries a commercial or industrial designation.
Multiple Family Residential (R3)
This Chapter presents the regulations of tw o Zoning Districts: the “R-3” Multiple Family Residential” and the “R-4” Mobile Home. The intent of these districts is to establish medium and high density residential neighborhoods. A. Multiple Family Residential - (R-3): This zoning district is intended to provide a residential mix of one, two, and multiple famil…
Market overview
Demographics & Economy
Gaines, MI has 3,758 residents in 1,547 households. Density runs 115 people per square mile. Median household income here is $91,895 and median gross rent $1,125 a month.
3,758
Population
1,547
Households
2.4
Avg Household Size
44
Median Age
21%
College-Educated
94%
High-School Grad
32.6 sq mi
ZIP Area
115
Density / Sq Mi
$91,895
Median Household Income
$42,721
Median Earnings
$1,125
Median Rent
$251,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Byron | — | — |
| Durand | — | — |
| Swartz Creek | — | — |
| Bancroft | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Gaines?
Gaines, MI zones 192 acres across 6 districts, of which 2.1% is commercial and 0% industrial. The largest single district is Single Family Residential at 40.9% of zoned land. Residential zoning covers 98% and open space 0%.
Where does Realmo's Gaines market data come from?
Realmo compiles Gaines, MI figures from 2 active sale listings, 55 tracked off-market properties, the current Gaines zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Gaines, 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: 192 zoned acres across 6 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
