Commercial Real Estate Market in Grand Haven, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
61 active listings and 1,121 off-market properties in Grand Haven, MI. Commercial property asks $201/SF to buy and $16.00/SF/Yr to lease.
Market Trends
Grand Haven, MI spans 46.9 square miles in Ottawa County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Grand Haven, MI has a median asking sale price of $180/SF (based on 7 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Grand Haven, MI has a median asking sale price of $130/SF (based on 4 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial space in Grand Haven, MI has a median asking sale price of $221/SF (based on 9 listings). Vacancy runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Multifamily
Multifamily vacancy in Grand Haven, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Market overview
Demographics & Economy
Grand Haven, MI has 32,406 residents in 14,709 households. Density runs 692 people per square mile. Median household income here is $84,476 and median gross rent $1,101 a month.
Tools
Lease vs Buy Breakeven
At $16.00/SF/Yr lease vs $201/SF buy → buying wins if held > 2.3 years.
At a 7.9% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Ferrysburg | $143 | — |
| Spring Lake | $176 | $14.00 |
| Fruitport | $126 | — |
| Norton Shores | $86 | $10.00 |
Commercial property in Grand Haven, MI asks $201/SF. The 4 bordering markets run from $86/SF in Norton Shores to $176/SF in Spring Lake, and the city sits above their $134/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Grand Haven?
How much does it cost to lease commercial space in Grand Haven?
Is it cheaper to lease or buy commercial space in Grand Haven?
How does Grand Haven compare to nearby markets on price?
Where does Realmo's Grand Haven market data come from?
Methodology & data sources
- Asking prices and medians
- There are 40 active for-sale and 21 active for-lease listings in Grand Haven, MI. The medians are based on 22 of the for-sale and 15 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 31 October 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 October 2026 · How Realmo checks market page data · Report a data issue
