Commercial Real Estate Market in Ionia, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
92 active listings and 769 off-market properties in Ionia, MI. Commercial property asks $13/SF to buy and $8.50/SF/Yr to lease.
Market Trends
Ionia, MI spans 110.6 square miles in Ionia County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Ionia, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail space in Ionia, MI asks $69/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 Ionia, 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 Ionia, 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 29.6%
- Special 19.6%
- Industrial 16.8%
- Commercial 10.6%
- Planned_development 1.8%
- Mixed use 0.9%
Largest Zones share of zoned land by district
Low Density Residential
State Of Michigan Prisons
Fair District
Technology Innovation Business District
Medium Density Residential
Low Density Residential (LDR)
URISDICTION. 1244.06 ORDERS. 1244.07 PUBLIC NOTICE REQUIREMENTS. 1244.08 EFFECTIVE PERIOD OF BOARD ORDERS. 1244.09 APPEAL OF BOARD OF ZONING APPEALS DECISION. Chapter 1246 Districts Generally and Zoning Map CHAPTER 1248 LDR Low-Density Residential District CHAPTER 1250 MDR Medium-Density Residential District CHAPTER 1252 HDR High-Density Residential District…
Market overview
Demographics & Economy
Ionia, MI has 22,470 residents in 7,597 households. Density runs 203 people per square mile. Median household income here is $66,717 and median gross rent $804 a month.
22,470
Population
7,597
Households
3
Avg Household Size
38
Median Age
12%
College-Educated
88%
High-School Grad
110.6 sq mi
ZIP Area
203
Density / Sq Mi
$66,717
Median Household Income
$37,858
Median Earnings
$804
Median Rent
$172,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lyons | — | — |
| Muir | — | — |
| Orleans | — | — |
| Saranac | — | — |
Commercial property in Ionia, MI asks $13/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Ionia?
Commercial property in Ionia, MI asks an average of $13 per square foot. The 3 most recent recorded sales traded at a median of $31/SF. Retail carries the highest asking price at $69/SF.
How much does it cost to lease commercial space in Ionia?
Asking lease rates in Ionia, MI average $8.50 per square foot per year.
Where does Realmo's Ionia market data come from?
Realmo compiles Ionia, MI figures from 4 recent recorded sales, 79 active sale listings, 13 active lease listings, 769 tracked off-market properties, the current Ionia zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 79 active for-sale and 13 active for-lease listings in Ionia, 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: 3,686 zoned acres across 13 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
