Commercial Real Estate Market in Lawrence, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
39 active listings and 208 off-market properties in Lawrence, MI.
Market Trends
Lawrence, MI spans 48.1 square miles in Van Buren County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Lawrence, MI asks $141/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 Lawrence, MI asks $128/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 Lawrence, 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 Lawrence, 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 37.9%
- Planned_development 25.8%
- Commercial 24.6%
- Industrial 8.7%
- Open space 2.3%
- Civic 0.6%
Largest Zones share of zoned land by district
Single Family Residential District
Planned Unit Development Business Park District
Single Family Residential District
Planned Unit Development District
Local Business District
Lawrence, MI zones 1,129 acres across 13 districts. Commercial zoning covers 24.6% of zoned land, residential 37.9%, open space 2.3% and industrial 8.7%. The largest single district is Single Family Residential District at 30%. For commercial buyers the practical constraint is that only 33.3% of land carries a commercial or industrial designation.
Single Family Residential District (R-1)
The R-1 single-family residential zoning district is typically a single-family housing area. While most of the developed portion of the village is served by utilities, the low density status is designed to preserve those areas which have developed strictly as single-family detached units on separate lots.
Market overview
Demographics & Economy
Lawrence, MI has 3,854 residents in 1,746 households. Density runs 80 people per square mile. Median household income here is $61,863 and median gross rent $756 a month.
3,854
Population
1,746
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
80%
High-School Grad
48.1 sq mi
ZIP Area
80
Density / Sq Mi
$61,863
Median Household Income
$38,115
Median Earnings
$756
Median Rent
$163,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hartford | — | — |
| Bangor | — | — |
| Paw Paw | — | — |
| Decatur | — | — |
Commercial property in Lawrence, MI asks $93/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lawrence?
Commercial property in Lawrence, MI asks an average of $93 per square foot. The 4 most recent recorded sales traded at a median of $19/SF, so asking sits 377% above the achieved median. Office carries the highest asking price at $141/SF.
What zoning applies to commercial property in Lawrence?
Lawrence, MI zones 1,129 acres across 13 districts, of which 24.6% is commercial and 8.7% industrial. The largest single district is Single Family Residential District at 30% of zoned land. The R-1 single-family residential zoning district is typically a single-family housing area. While most of the developed portion of the village is served by utilities, the low density status is designed to preserve those areas which have developed strictly as single-family detached units on separate lots. Residential zoning covers 37.9% and open space 2.3%.
Where does Realmo's Lawrence market data come from?
Realmo compiles Lawrence, MI figures from 4 recent recorded sales, 39 active sale listings, 208 tracked off-market properties, the current Lawrence zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 39 active for-sale and 0 active for-lease listings in Lawrence, 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: 1,129 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 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
