Commercial Real Estate Market in Grandville, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
26 active listings and 793 off-market properties in Grandville, MI. Commercial property asks $190/SF to buy and $15.39/SF/Yr to lease.
Market Trends
Grandville, MI spans 19.0 square miles in Kent County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Grandville, MI asks $147/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 Grandville, MI asks $206/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 Grandville, 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 Grandville, MI asks $162/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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 62.8%
- Commercial 16.4%
- Industrial 13.6%
- Planned_development 4.1%
- Mixed use 3.2%
Largest Zones share of zoned land by district
One Family Residential
One Family Residential
One Family Residential
Industrial
Restricted Industrial
Grandville, MI zones 4,402 acres across 22 districts. Commercial zoning covers 16.4% of zoned land, residential 62.8% and industrial 13.6%. The largest single district is One Family Residential at 30.8%. For commercial buyers the practical constraint is that only 30% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Grandville, MI has 30,520 residents in 12,801 households. Density runs 1,607 people per square mile. Median household income here is $83,485 and median gross rent $1,218 a month.
30,520
Population
12,801
Households
2.4
Avg Household Size
38
Median Age
40%
College-Educated
96%
High-School Grad
19 sq mi
ZIP Area
1,607
Density / Sq Mi
$83,485
Median Household Income
$48,260
Median Earnings
$1,218
Median Rent
$296,300
Median Home Value
Tools
Lease vs Buy Breakeven
At $15.39/SF/Yr lease vs $190/SF buy → buying wins if held > 2.2 years.
At a 8.1% 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 |
|---|---|---|
| Jenison | — | $18.57 |
| Wyoming | — | $16.07 |
| Kentwood | — | $14.51 |
| Walker | — | — |
Commercial property in Grandville, MI asks $190/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Grandville?
Commercial property in Grandville, MI asks an average of $190 per square foot. Retail carries the highest asking price at $206/SF.
How much does it cost to lease commercial space in Grandville?
Asking lease rates in Grandville, MI average $15.39 per square foot per year.
Is it cheaper to lease or buy commercial space in Grandville?
Buying beats leasing in Grandville, MI if the property is held longer than 2.2 years, comparing $15.39/SF/Yr asking rent with $190/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.
What zoning applies to commercial property in Grandville?
Grandville, MI zones 4,402 acres across 22 districts, of which 16.4% is commercial and 13.6% industrial. The largest single district is One Family Residential at 30.8% of zoned land. Residential zoning covers 62.8% and open space 0%.
Where does Realmo's Grandville market data come from?
Realmo compiles Grandville, MI figures from 2 recent recorded sales, 14 active sale listings, 12 active lease listings, 793 tracked off-market properties, the current Grandville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 14 active for-sale and 12 active for-lease listings in Grandville, 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: 4,402 zoned acres across 22 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
