Commercial Real Estate Market in Imlay City, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
17 active listings and 458 off-market properties in Imlay City, MI. Commercial property asks $710/SF to buy and $10.00/SF/Yr to lease.
Market Trends
Imlay City, MI spans 81.5 square miles in Lapeer County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Imlay City, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Imlay City, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Imlay City, 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 Imlay City, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Imlay City, MI has 9,420 residents in 4,140 households. Density runs 116 people per square mile. Median household income here is $69,010 and median gross rent $800 a month.
9,420
Population
4,140
Households
2.3
Avg Household Size
41
Median Age
13%
College-Educated
86%
High-School Grad
81.5 sq mi
ZIP Area
116
Density / Sq Mi
$69,010
Median Household Income
$35,815
Median Earnings
$800
Median Rent
$237,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Imlay | — | — |
| Lum | — | — |
| Almont Township | — | — |
| Dryden | — | — |
Commercial property in Imlay City, MI asks $710/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Imlay City?
Commercial property in Imlay City, MI asks an average of $710 per square foot. The 3 most recent recorded sales traded at a median of $57/SF, so asking sits 1144% above the achieved median.
How much does it cost to lease commercial space in Imlay City?
Asking lease rates in Imlay City, MI average $10.00 per square foot per year.
Where does Realmo's Imlay City market data come from?
Realmo compiles Imlay City, MI figures from 4 recent recorded sales, 15 active sale listings, 2 active lease listings, 458 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 15 active for-sale and 2 active for-lease listings in Imlay City, 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
