Commercial Real Estate Market in Lawton, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
24 active listings and 197 off-market properties in Lawton, MI.
Market Trends
Lawton, MI spans 44.8 square miles in Van Buren County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Lawton, 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 Lawton, 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 Lawton, 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 Lawton, 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 55.9%
- Agricultural 33.1%
- Industrial 9.6%
- Commercial 1.4%
Largest Zones share of zoned land by district
Low Density Residential District
Agricultural District
Industrial District
General Business District
Central Business District
Low Density Residential District (LDR)
The LDR zone district is primarily characterized by existing single unit detached structures that are located on parcels in a range of sizes. New housing development in this district will be in keeping with Lawton small town character and designed as an extension of the existing built community, connected to public utilities, and laid out in a consistent gri…
Market overview
Demographics & Economy
Lawton, MI has 6,974 residents in 3,559 households. Density runs 156 people per square mile. Median household income here is $73,125 and median gross rent $856 a month.
6,974
Population
3,559
Households
2
Avg Household Size
43
Median Age
23%
College-Educated
94%
High-School Grad
44.8 sq mi
ZIP Area
156
Density / Sq Mi
$73,125
Median Household Income
$46,625
Median Earnings
$856
Median Rent
$235,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Paw Paw | — | — |
| Mattawan | — | $15.33 |
| Decatur | — | — |
| Marcellus | — | — |
Commercial property in Lawton, MI asks $5/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lawton?
Commercial property in Lawton, MI asks an average of $5 per square foot. The 3 most recent recorded sales traded at a median of $40/SF. Office carries the highest asking price at $141/SF.
Where does Realmo's Lawton market data come from?
Realmo compiles Lawton, MI figures from 3 recent recorded sales, 24 active sale listings, 197 tracked off-market properties, the current Lawton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 24 active for-sale and 0 active for-lease listings in Lawton, 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: 1,324 zoned acres across 5 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 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 August 2026 · report a data issue
