Commercial Real Estate Market in Grand Haven, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
103 active listings and 1,122 off-market properties in Grand Haven, MI. Commercial property asks $166/SF to buy and $14.50/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 August 2026.
Office
Office space in Grand Haven, MI asks $139/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 Grand Haven, MI asks $212/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 Grand Haven, 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 Grand Haven, MI asks $264/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
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.
32,406
Population
14,709
Households
2.2
Avg Household Size
43
Median Age
38%
College-Educated
95%
High-School Grad
46.9 sq mi
ZIP Area
692
Density / Sq Mi
$84,476
Median Household Income
$45,392
Median Earnings
$1,101
Median Rent
$287,800
Median Home Value
Tools
Lease vs Buy Breakeven
At $14.50/SF/Yr lease vs $166/SF buy → buying wins if held > 1.8 years.
At a 8.7% 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 | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ferrysburg | — | — |
| Spring Lake | — | $12.64 |
| Fruitport | — | — |
| Norton Shores | — | $25.14 |
Commercial property in Grand Haven, MI asks $166/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Grand Haven?
Commercial property in Grand Haven, MI asks an average of $166 per square foot. Multifamily carries the highest asking price at $264/SF.
How much does it cost to lease commercial space in Grand Haven?
Asking lease rates in Grand Haven, MI average $14.50 per square foot per year.
Is it cheaper to lease or buy commercial space in Grand Haven?
Buying beats leasing in Grand Haven, MI if the property is held longer than 1.8 years, comparing $14.50/SF/Yr asking rent with $166/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Grand Haven market data come from?
Realmo compiles Grand Haven, MI figures from 80 active sale listings, 23 active lease listings, 1,122 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 80 active for-sale and 23 active for-lease listings in Grand Haven, 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.
- 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
