Commercial Real Estate Market in Greenville, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
52 active listings and 1,034 off-market properties in Greenville, MI. Commercial property asks $45/SF to buy and $17.75/SF/Yr to lease.
Market Trends
Greenville, MI spans 93.1 square miles in Montcalm County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Greenville, MI asks $108/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 Greenville, MI asks $95/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 Greenville, 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 Greenville, 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 55%
- Industrial 25.9%
- Commercial 12.6%
- Planned_development 6.1%
- Mixed use 0.4%
Largest Zones share of zoned land by district
Single Family Residential District
Industrial District
Single And Two Family District
General Commercial District
Planned Unit District
Greenville, MI zones 4,351 acres across 11 districts. Commercial zoning covers 12.6% of zoned land, residential 55% and industrial 25.9%. The largest single district is Single Family Residential District at 28.4%. For commercial buyers the practical constraint is that only 38.5% of land carries a commercial or industrial designation.
Single Family Residential District (R-1)
Sec. 46-154. - R-1 single-family residential district. (a) Intent. This section applies to the R-1 single-family residential district. This district is intended to provide a low-density, single-family residential living environment and to foster stable, high quality neighborhoods. At the same time, the regulations for this district recognize the need to pres…
Market overview
Demographics & Economy
Greenville, MI has 18,801 residents in 7,461 households. Density runs 202 people per square mile. Median household income here is $66,126 and median gross rent $910 a month.
18,801
Population
7,461
Households
2.5
Avg Household Size
40
Median Age
19%
College-Educated
90%
High-School Grad
93.1 sq mi
ZIP Area
202
Density / Sq Mi
$66,126
Median Household Income
$36,802
Median Earnings
$910
Median Rent
$190,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Belding | — | — |
| Gowen | — | — |
| Sidney | — | — |
| Sheridan | — | — |
Commercial property in Greenville, MI asks $45/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Greenville?
Commercial property in Greenville, MI asks an average of $45 per square foot. Office carries the highest asking price at $108/SF.
How much does it cost to lease commercial space in Greenville?
Asking lease rates in Greenville, MI average $17.75 per square foot per year.
What zoning applies to commercial property in Greenville?
Greenville, MI zones 4,351 acres across 11 districts, of which 12.6% is commercial and 25.9% industrial. The largest single district is Single Family Residential District at 28.4% of zoned land. Sec. 46-154. - R-1 single-family residential district. (a) Intent. This section applies to the R-1 single-family residential district. This district is intended to provide a low-density, single-family residential living environment and to foster stable, high quality neighborhoods. At the same time, the regulations for this district recognize the need to pres… Residential zoning covers 55% and open space 0%.
Where does Realmo's Greenville market data come from?
Realmo compiles Greenville, MI figures from 6 recent recorded sales, 46 active sale listings, 6 active lease listings, 1,034 tracked off-market properties, the current Greenville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 46 active for-sale and 6 active for-lease listings in Greenville, 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: 4,351 zoned acres across 11 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
