Commercial Real Estate Market in Lapeer, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
68 active listings and 1,093 off-market properties in Lapeer, MI. Commercial property asks $422/SF to buy and $26.21/SF/Yr to lease.
Market Trends
Lapeer, MI spans 121.9 square miles in Lapeer County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lapeer, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Lapeer, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Lapeer, 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 Lapeer, 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 52.1%
- Commercial 27.2%
- Industrial 13.4%
- Planned_development 7.1%
- Open space 0.1%
Largest Zones share of zoned land by district
Single Family Residential
General Business
Single Family Residential
General Business Conditional And Restrictive Use Environmental
Planned Unit Development
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.
Single Family Residential (R-1)
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.
30,788
Population
12,797
Households
2.4
Avg Household Size
45
Median Age
20%
College-Educated
93%
High-School Grad
121.9 sq mi
ZIP Area
253
Density / Sq Mi
$66,382
Median Household Income
$40,263
Median Earnings
$976
Median Rent
$206,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lake Nepessing | — | — |
| Lum | — | — |
| Metamora | — | — |
| Hadley | — | — |
Commercial property in Lapeer, MI asks $422/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lapeer?
Commercial property in Lapeer, MI asks an average of $422 per square foot. The 3 most recent recorded sales traded at a median of $126/SF, so asking sits 236% above the achieved median.
How much does it cost to lease commercial space in Lapeer?
Asking lease rates in Lapeer, MI average $26.21 per square foot per year.
What zoning applies to commercial property in Lapeer?
Lapeer, MI zones 4,773 acres across 17 districts, of which 27.2% is commercial and 13.4% industrial. The largest single district is Single Family Residential at 29.9% of zoned land. Residential zoning covers 52.1% and open space 0.1%.
Where does Realmo's Lapeer market data come from?
Realmo compiles Lapeer, MI figures from 4 recent recorded sales, 53 active sale listings, 15 active lease listings, 1,093 tracked off-market properties, the current Lapeer zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 53 active for-sale and 15 active for-lease listings in Lapeer, 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: 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 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
