Commercial Real Estate Market in Gladwin, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
129 active listings and 738 off-market properties in Gladwin, MI. Commercial property asks $133/SF to buy and $9.75/SF/Yr to lease.
Market Trends
Gladwin, MI spans 341.2 square miles in Gladwin County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Gladwin, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Gladwin, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Gladwin, 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 Gladwin, 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 62.9%
- Commercial 22.7%
- Industrial 12.1%
- Mixed use 2.4%
Largest Zones share of zoned land by district
One Family Residential Larger Lots
One Family Residential Smaller Lots
Service Commercial District
Manufacturing Technology District
Multiple Family Residential District
Gladwin, MI zones 1,811 acres across 8 districts. Commercial zoning covers 22.7% of zoned land, residential 62.9% and industrial 12.1%. The largest single district is One Family Residential Larger Lots at 33.5%. For commercial buyers the practical constraint is that only 34.8% of land carries a commercial or industrial designation.
One Family Residential Larger Lots (R-1A)
Multi-Family Housing Adjacent to R-1A or R1-B Zoning Districts 6-foot-high wall or fence Off-street Parking Areas Adjacent to R1-A, R1-B, R-M, or R-O Zoning Districts 6-foot-high wall or fence C 1 and C 2 districts adjacent to R-1A, R1-B, or R- M districts 6-foot-high wall or fence MT - Districts adjacent to R1-A, R1-B, R-O, or R-M 8-foot-high wall or fence…
Market overview
Demographics & Economy
Gladwin, MI has 15,739 residents in 11,073 households. Density runs 46 people per square mile. Median household income here is $55,415 and median gross rent $689 a month.
15,739
Population
11,073
Households
1.4
Avg Household Size
51
Median Age
15%
College-Educated
88%
High-School Grad
341.2 sq mi
ZIP Area
46
Density / Sq Mi
$55,415
Median Household Income
$35,481
Median Earnings
$689
Median Rent
$154,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Four Mile Lk | — | — |
| Beaverton | — | — |
| Harrison | — | — |
| Prudenville | — | — |
Commercial property in Gladwin, MI asks $133/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Gladwin?
Commercial property in Gladwin, MI asks an average of $133 per square foot.
How much does it cost to lease commercial space in Gladwin?
Asking lease rates in Gladwin, MI average $9.75 per square foot per year.
What zoning applies to commercial property in Gladwin?
Gladwin, MI zones 1,811 acres across 8 districts, of which 22.7% is commercial and 12.1% industrial. The largest single district is One Family Residential Larger Lots at 33.5% of zoned land. Multi-Family Housing Adjacent to R-1A or R1-B Zoning Districts 6-foot-high wall or fence Off-street Parking Areas Adjacent to R1-A, R1-B, R-M, or R-O Zoning Districts 6-foot-high wall or fence C 1 and C 2 districts adjacent to R-1A, R1-B, or R- M districts 6-foot-high wall or fence MT - Districts adjacent to R1-A, R1-B, R-O, or R-M 8-foot-high wall or fence… Residential zoning covers 62.9% and open space 0%.
Where does Realmo's Gladwin market data come from?
Realmo compiles Gladwin, MI figures from 124 active sale listings, 5 active lease listings, 738 tracked off-market properties, the current Gladwin zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 124 active for-sale and 5 active for-lease listings in Gladwin, 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: 1,811 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
