Commercial Real Estate Market in Hersey, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
12 active listings and 72 off-market properties in Hersey, MI.
Market Trends
Hersey, MI spans 61.7 square miles in Osceola County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Hersey, MI asks $73/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 vacancy in Hersey, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Hersey, 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 Hersey, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Hersey, MI has 2,552 residents in 1,270 households. Density runs 41 people per square mile. Median household income here is $62,409 and median gross rent $744 a month.
2,552
Population
1,270
Households
2
Avg Household Size
45
Median Age
18%
College-Educated
92%
High-School Grad
61.7 sq mi
ZIP Area
41
Density / Sq Mi
$62,409
Median Household Income
$37,803
Median Earnings
$744
Median Rent
$136,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Reed City | — | — |
| Chippewa Lake | — | — |
| Evart | — | — |
| Big Rapids | — | $10.55 |
Commercial property in Hersey, MI asks $6/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hersey?
Commercial property in Hersey, MI asks an average of $6 per square foot. Office carries the highest asking price at $73/SF.
Methodology & data sources
- Asking prices and averages
- Computed from 12 active for-sale and 0 active for-lease listings in Hersey, 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
