Commercial Real Estate Market in Lake Odessa, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
7 active listings and 258 off-market properties in Lake Odessa, MI. Commercial property asks $2,407/SF to buy and $1.20/SF/Yr to lease.
Market Trends
Lake Odessa, MI spans 83.7 square miles in Ionia County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lake Odessa, 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 Lake Odessa, 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 Lake Odessa, 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 Lake Odessa, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Lake Odessa, MI has 5,904 residents in 2,295 households. Density runs 71 people per square mile. Median household income here is $79,423 and median gross rent $772 a month.
5,904
Population
2,295
Households
2.6
Avg Household Size
42
Median Age
18%
College-Educated
94%
High-School Grad
83.7 sq mi
ZIP Area
71
Density / Sq Mi
$79,423
Median Household Income
$41,516
Median Earnings
$772
Median Rent
$212,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Woodland | — | — |
| Clarksville | — | — |
| Sunfield | — | — |
| Freeport | — | — |
Commercial property in Lake Odessa, MI asks $2,407/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lake Odessa?
Commercial property in Lake Odessa, MI asks an average of $2,407 per square foot. The 6 most recent recorded sales traded at a median of $69/SF, so asking sits 3367% above the achieved median. Retail carries the highest asking price at $69/SF.
How much does it cost to lease commercial space in Lake Odessa?
Asking lease rates in Lake Odessa, MI average $1.20 per square foot per year.
Where does Realmo's Lake Odessa market data come from?
Realmo compiles Lake Odessa, MI figures from 6 recent recorded sales, 4 active sale listings, 3 active lease listings, 258 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 4 active for-sale and 3 active for-lease listings in Lake Odessa, 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
