Commercial Real Estate Market in Gladstone, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
29 active listings and 372 off-market properties in Gladstone, MI. Commercial property asks $296/SF to buy and $8.02/SF/Yr to lease.
Market Trends
Gladstone, MI spans 69.0 square miles in Delta County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Gladstone, MI asks $60/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 Gladstone, MI asks $100/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 Gladstone, 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 Gladstone, 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
- Residential 68%
- Industrial 14.5%
- Civic 8.8%
- Open space 8.7%
Largest Zones share of zoned land by district
Single Family
Single And Two Family
Single And Two Family Dwellings Mobile Homes
Industrial District
General Commercial District
Gladstone, MI zones 3,291 acres across 8 districts. The largest single district is Single Family at 32.9%. For commercial buyers the practical constraint is that only 14.5% of land carries a commercial or industrial designation.
Single Family (R-1)
Permitted principal uses in the R-1 district shall be detached single-family dwellings and a state-licensed residential facility approved to receive six or fewer individuals and a family childcare home approved to receive six or fewer minor children other than a facility for the care and treatment of individuals released from or assigned to adult correctiona…
Market overview
Demographics & Economy
Gladstone, MI has 10,086 residents in 4,488 households. Density runs 146 people per square mile. Median household income here is $65,905 and median gross rent $782 a month.
10,086
Population
4,488
Households
2.2
Avg Household Size
48
Median Age
24%
College-Educated
95%
High-School Grad
69 sq mi
ZIP Area
146
Density / Sq Mi
$65,905
Median Household Income
$35,156
Median Earnings
$782
Median Rent
$145,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Wells | — | — |
| Rapid River | — | — |
| Brampton | — | — |
| Escanaba | — | $15.62 |
Commercial property in Gladstone, MI asks $296/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Gladstone?
Commercial property in Gladstone, MI asks an average of $296 per square foot. Retail carries the highest asking price at $100/SF.
How much does it cost to lease commercial space in Gladstone?
Asking lease rates in Gladstone, MI average $8.02 per square foot per year.
What zoning applies to commercial property in Gladstone?
Gladstone, MI zones 3,291 acres across 8 districts, of which 0% is commercial and 14.5% industrial. The largest single district is Single Family at 32.9% of zoned land. Permitted principal uses in the R-1 district shall be detached single-family dwellings and a state-licensed residential facility approved to receive six or fewer individuals and a family childcare home approved to receive six or fewer minor children other than a facility for the care and treatment of individuals released from or assigned to adult correctiona… Residential zoning covers 68% and open space 8.7%.
Where does Realmo's Gladstone market data come from?
Realmo compiles Gladstone, MI figures from 26 active sale listings, 3 active lease listings, 372 tracked off-market properties, the current Gladstone zoning release. 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 3 active for-lease listings in Gladstone, 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: 3,291 zoned acres across 8 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
