Commercial Real Estate Market in Grant, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
36 active listings and 229 off-market properties in Grant, MI. Commercial property asks $31/SF to buy and $9.29/SF/Yr to lease.
Market Trends
Grant, MI spans 91.0 square miles in Newaygo County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Grant, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail space in Grant, MI asks $115/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 Grant, 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 Grant, 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 77.3%
- Commercial 16.1%
- Industrial 6.6%
Largest Zones share of zoned land by district
Single Family Residence District
Commercial District
Agricultural Residential District
Apartment District
Industrial District
Grant, MI zones 434 acres across 6 districts. Commercial zoning covers 16.1% of zoned land, residential 77.3% and industrial 6.6%. The largest single district is Single Family Residence District at 52.1%. For commercial buyers the practical constraint is that only 22.7% of land carries a commercial or industrial designation.
Apartment District (R-A)
R-A Apartment District 3.2. MAP The map entitled Zoning Map delineating the above districts is hereby declared to be part of this ordinance. Except where references by lines, municipal boundary lines, section lines, fractional section lines of the adoption of this ordinance. 3.3. LOT DIVIDED BY ZONE LINE Where a district boundary line of the Zoning map divid…
Market overview
Demographics & Economy
Grant, MI has 8,322 residents in 3,537 households. Density runs 91 people per square mile. Median household income here is $68,452 and median gross rent $796 a month.
8,322
Population
3,537
Households
2.4
Avg Household Size
38
Median Age
18%
College-Educated
92%
High-School Grad
91 sq mi
ZIP Area
91
Density / Sq Mi
$68,452
Median Household Income
$36,202
Median Earnings
$796
Median Rent
$189,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Newaygo | — | $12.90 |
| Casnovia | — | — |
| Kent City | — | $10.25 |
| Fremont | — | $9.82 |
Commercial property in Grant, MI asks $31/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Grant?
Commercial property in Grant, MI asks an average of $31 per square foot. Retail carries the highest asking price at $115/SF.
How much does it cost to lease commercial space in Grant?
Asking lease rates in Grant, MI average $9.29 per square foot per year.
What zoning applies to commercial property in Grant?
Grant, MI zones 434 acres across 6 districts, of which 16.1% is commercial and 6.6% industrial. The largest single district is Single Family Residence District at 52.1% of zoned land. Residential zoning covers 77.3% and open space 0%.
Where does Realmo's Grant market data come from?
Realmo compiles Grant, MI figures from 34 active sale listings, 2 active lease listings, 229 tracked off-market properties, the current Grant zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 34 active for-sale and 2 active for-lease listings in Grant, 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: 434 zoned acres across 6 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
