Commercial Real Estate Market in Lakeview, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
598 active listings and 3,529 off-market properties in Lakeview, MI. Commercial property asks $32/SF to buy and $12.81/SF/Yr to lease.
Market Trends
Lakeview, MI spans 83.2 square miles in Calhoun County, Michigan. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Lakeview, MI asks $104/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 space in Lakeview, MI asks $98/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 Lakeview, 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 Lakeview, 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 78.5%
- Commercial 16.8%
- Planned_development 2.5%
- Industrial 2.2%
Largest Zones share of zoned land by district
Single Family Residential
Business District
Medium Density Residential
Planned Unit Development
Industrial
Lakeview, MI zones 950 acres across 6 districts. Commercial zoning covers 16.8% of zoned land, residential 78.5% and industrial 2.2%. The largest single district is Single Family Residential at 60.6%. For commercial buyers the practical constraint is that only 19% of land carries a commercial or industrial designation.
Single Family Residential (R-1)
It is intended to preserve low density single family neighborhoods.
Market overview
Demographics & Economy
Lakeview, MI has 4,563 residents in 1,973 households. Density runs 55 people per square mile. Median household income here is $65,064 and median gross rent $665 a month.
4,563
Population
1,973
Households
2.3
Avg Household Size
41
Median Age
14%
College-Educated
88%
High-School Grad
83.2 sq mi
ZIP Area
55
Density / Sq Mi
$65,064
Median Household Income
$41,473
Median Earnings
$665
Median Rent
$170,700
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Lakeview?
Commercial property in Lakeview, MI asks an average of $32 per square foot. Office carries the highest asking price at $104/SF.
How much does it cost to lease commercial space in Lakeview?
Asking lease rates in Lakeview, MI average $12.81 per square foot per year.
What zoning applies to commercial property in Lakeview?
Lakeview, MI zones 950 acres across 6 districts, of which 16.8% is commercial and 2.2% industrial. The largest single district is Single Family Residential at 60.6% of zoned land. It is intended to preserve low density single family neighborhoods. Residential zoning covers 78.5% and open space 0%.
Where does Realmo's Lakeview market data come from?
Realmo compiles Lakeview, MI figures from 520 active sale listings, 78 active lease listings, 3,529 tracked off-market properties, the current Lakeview zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 520 active for-sale and 78 active for-lease listings in Lakeview, 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: 950 zoned acres across 6 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 30 September 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 30 September 2026 · report a data issue
