Commercial Real Estate Market in Hamilton, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
21 active listings and 223 off-market properties in Hamilton, MI. Commercial property asks $62/SF to buy and $11.56/SF/Yr to lease.
Market Trends
Hamilton, MI spans 73.2 square miles in Allegan County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Hamilton, MI asks $97/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 Hamilton, MI asks $85/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 Hamilton, 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 Hamilton, MI asks $87/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
Hamilton, MI has 8,720 residents in 2,983 households. Density runs 119 people per square mile. Median household income here is $92,708.
8,720
Population
2,983
Households
2.9
Avg Household Size
37
Median Age
26%
College-Educated
96%
High-School Grad
73.2 sq mi
ZIP Area
119
Density / Sq Mi
$92,708
Median Household Income
$51,644
Median Earnings
$0
Median Rent
$301,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Fennville | — | — |
| Saugatuck | — | $27.33 |
| Douglas | — | $13.13 |
| Holland | — | $15.44 |
Commercial property in Hamilton, MI asks $62/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hamilton?
Commercial property in Hamilton, MI asks an average of $62 per square foot. The 3 most recent recorded sales traded at a median of $136/SF. Office carries the highest asking price at $97/SF.
How much does it cost to lease commercial space in Hamilton?
Asking lease rates in Hamilton, MI average $11.56 per square foot per year.
Where does Realmo's Hamilton market data come from?
Realmo compiles Hamilton, MI figures from 3 recent recorded sales, 18 active sale listings, 3 active lease listings, 223 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 18 active for-sale and 3 active for-lease listings in Hamilton, 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 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
