Commercial Real Estate Market in Grand Ledge, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
19 active listings and 1,139 off-market properties in Grand Ledge, MI. Commercial property asks $419/SF to buy and $16.53/SF/Yr to lease.
Market Trends
Grand Ledge, MI spans 78.4 square miles in Eaton County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Grand Ledge, 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 Grand Ledge, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Grand Ledge, 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 Grand Ledge, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Grand Ledge, MI has 19,189 residents in 8,638 households. Density runs 245 people per square mile. Median household income here is $93,161 and median gross rent $1,034 a month.
19,189
Population
8,638
Households
2.2
Avg Household Size
42
Median Age
39%
College-Educated
98%
High-School Grad
78.4 sq mi
ZIP Area
245
Density / Sq Mi
$93,161
Median Household Income
$54,791
Median Earnings
$1,034
Median Rent
$239,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Eagle | — | — |
| Mulliken | — | — |
| Potterville | — | — |
| Dimondale | — | — |
Commercial property in Grand Ledge, MI asks $419/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Grand Ledge?
Commercial property in Grand Ledge, MI asks an average of $419 per square foot. The 6 most recent recorded sales traded at a median of $134/SF, so asking sits 212% above the achieved median.
How much does it cost to lease commercial space in Grand Ledge?
Asking lease rates in Grand Ledge, MI average $16.53 per square foot per year.
Where does Realmo's Grand Ledge market data come from?
Realmo compiles Grand Ledge, MI figures from 7 recent recorded sales, 16 active sale listings, 3 active lease listings, 1,139 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 16 active for-sale and 3 active for-lease listings in Grand Ledge, 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, 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
