Commercial Real Estate Market in Ionia, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
16 active listings and 768 off-market properties in Ionia, MI. Commercial property asks $142/SF to buy (based on 4 listings) and $15.53/SF/Yr to lease (based on 3 listings).
Market Trends
Ionia, MI spans 110.6 square miles in Ionia County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Ionia, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Ionia, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily vacancy in Ionia, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
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
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Ionia?
How much does it cost to lease commercial space in Ionia?
Where does Realmo's Ionia market data come from?
Methodology & data sources
- Asking prices and medians
- There are 9 active for-sale and 7 active for-lease listings in Ionia, MI. The medians are based on 4 of the for-sale and 3 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
