Commercial Real Estate Market in Galesburg, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
25 active listings and 312 off-market properties in Galesburg, MI. Commercial property asks $234/SF to buy and $8.98/SF/Yr to lease.
Market Trends
Galesburg, MI spans 24.4 square miles in Kalamazoo County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Galesburg, MI asks $113/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 Galesburg, MI asks $135/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 Galesburg, 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 Galesburg, MI asks $80/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 83.8%
- Commercial 6.5%
- Open space 6%
- Industrial 3.7%
Largest Zones share of zoned land by district
Single Family District
Two Family District
Single Family District
Multifamily District
Open Space District
Galesburg, MI zones 813 acres across 9 districts. Commercial zoning covers 6.5% of zoned land, residential 83.8%, open space 6% and industrial 3.7%. The largest single district is Single Family District at 32.6%. For commercial buyers the practical constraint is that only 10.2% of land carries a commercial or industrial designation.
Single Family District (R-2)
The Single-Family Residential District is composed of lands within the city that are devoted to detached single-family residences at a density of less than four units per acre.
Market overview
Demographics & Economy
Galesburg, MI has 7,371 residents in 2,919 households. Density runs 302 people per square mile. Median household income here is $80,074 and median gross rent $970 a month.
7,371
Population
2,919
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
95%
High-School Grad
24.4 sq mi
ZIP Area
302
Density / Sq Mi
$80,074
Median Household Income
$47,870
Median Earnings
$970
Median Rent
$222,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Comstock | — | — |
| Augusta | — | — |
| Climax | — | — |
| Nazareth | — | — |
Commercial property in Galesburg, MI asks $234/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Galesburg?
Commercial property in Galesburg, MI asks an average of $234 per square foot. The 3 most recent recorded sales traded at a median of $77/SF, so asking sits 202% above the achieved median. Retail carries the highest asking price at $135/SF.
How much does it cost to lease commercial space in Galesburg?
Asking lease rates in Galesburg, MI average $8.98 per square foot per year.
What zoning applies to commercial property in Galesburg?
Galesburg, MI zones 813 acres across 9 districts, of which 6.5% is commercial and 3.7% industrial. The largest single district is Single Family District at 32.6% of zoned land. The Single-Family Residential District is composed of lands within the city that are devoted to detached single-family residences at a density of less than four units per acre. Residential zoning covers 83.8% and open space 6%.
Where does Realmo's Galesburg market data come from?
Realmo compiles Galesburg, MI figures from 4 recent recorded sales, 18 active sale listings, 7 active lease listings, 312 tracked off-market properties, the current Galesburg zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 18 active for-sale and 7 active for-lease listings in Galesburg, 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: 813 zoned acres across 9 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
