Commercial Real Estate Market in Grass Lake, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
23 active listings and 218 off-market properties in Grass Lake, MI. Commercial property asks $261/SF to buy and $15.00/SF/Yr to lease.
Market Trends
Grass Lake, MI spans 104.1 square miles in Jackson County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Grass Lake, MI asks $94/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 Grass Lake, MI asks $105/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 Grass Lake, 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 Grass Lake, MI asks $77/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
Grass Lake, MI has 9,213 residents in 4,050 households. Density runs 89 people per square mile. Median household income here is $95,307 and median gross rent $1,178 a month.
9,213
Population
4,050
Households
2.3
Avg Household Size
45
Median Age
33%
College-Educated
97%
High-School Grad
104.1 sq mi
ZIP Area
89
Density / Sq Mi
$95,307
Median Household Income
$49,705
Median Earnings
$1,178
Median Rent
$272,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Michigan Center | — | $8.70 |
| Sharon | — | $9.33 |
| Norvell | — | — |
| Napoleon | — | — |
Commercial property in Grass Lake, MI asks $261/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Grass Lake?
Commercial property in Grass Lake, MI asks an average of $261 per square foot. The 5 most recent recorded sales traded at a median of $91/SF, so asking sits 187% above the achieved median. Retail carries the highest asking price at $105/SF.
How much does it cost to lease commercial space in Grass Lake?
Asking lease rates in Grass Lake, MI average $15.00 per square foot per year.
Where does Realmo's Grass Lake market data come from?
Realmo compiles Grass Lake, MI figures from 6 recent recorded sales, 22 active sale listings, 1 active lease listings, 218 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 22 active for-sale and 1 active for-lease listings in Grass Lake, 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
