Commercial Real Estate Market in Lapeer, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
32 active listings and 1,093 off-market properties in Lapeer, MI. Commercial property asks $190/SF to buy and $16.80/SF/Yr to lease (based on 6 listings).
Market Trends
Lapeer, MI spans 121.9 square miles in Lapeer County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Lapeer, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Lapeer, MI has a median asking sale price of $190/SF (based on 3 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial space in Lapeer, MI has a median asking sale price of $350/SF (based on 3 listings). Vacancy 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 Lapeer, 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 52.1%
- Commercial 27.2%
- Industrial 13.4%
- Planned_development 7.1%
- Open space 0.1%
Largest Zones share of zoned land by district
Lapeer, MI zones 4,773 acres across 17 districts. Commercial zoning covers 27.2% of zoned land, residential 52.1%, open space 0.1% and industrial 13.4%. The largest single district is Single Family Residential at 29.9%. For commercial buyers the practical constraint is that only 40.6% of land carries a commercial or industrial designation.
The R-1 through R-3 Single-Family Residential Districts are intended to provide sites for single-family detached dwellings and residentially related uses that serve the residents in the district. These districts provide a range of housing opportunities from larger suburban lots to more compact urban neighborhoods. These districts are intended to create walka…
Market overview
Demographics & Economy
Lapeer, MI has 30,788 residents in 12,797 households. Density runs 253 people per square mile. Median household income here is $66,382 and median gross rent $976 a month.
Tools
Nearby Markets
Commercial property in Lapeer, MI asks $190/SF. That compares with $90/SF in Davison.
Frequently Asked Questions
What is the median price per square foot for commercial property in Lapeer?
How much does it cost to lease commercial space in Lapeer?
How does Lapeer compare to nearby markets on price?
What zoning applies to commercial property in Lapeer?
Where does Realmo's Lapeer market data come from?
Methodology & data sources
- Asking prices and medians
- There are 18 active for-sale and 14 active for-lease listings in Lapeer, MI. The medians are based on 11 of the for-sale and 6 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: 4,773 zoned acres across 17 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 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 October 2026 · How Realmo checks market page data · Report a data issue
