Commercial Real Estate Market in Leslie, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
12 active listings and 182 off-market properties in Leslie, MI. Commercial property asks $274/SF to buy and $9.00/SF/Yr to lease.
Market Trends
Leslie, MI spans 58.3 square miles in Ingham County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Leslie, 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 Leslie, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Leslie, 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 Leslie, 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 72%
- Agricultural 12.2%
- Commercial 8.2%
- Industrial 7.7%
Largest Zones share of zoned land by district
Low Density Residential
Agricultural
Medium Density Residential
Multifamily Residential
Industrial
Leslie, MI zones 855 acres across 7 districts. Commercial zoning covers 8.2% of zoned land, residential 72% and industrial 7.7%. The largest single district is Low Density Residential at 50.9%. For commercial buyers the practical constraint is that only 15.8% of land carries a commercial or industrial designation.
Low Density Residential (R-1A)
DIVISION 2. - R-1A ONE-FAMILY LOW DENSITY RESIDENTIAL DISTRICT Sec. 98-166. - Intent and purpose. (a) This section establishes the R-1A one-family low density residential district. It is the purpose of the R-1A one-family low density residential district to encourage a predominance of residential dwellings located on individual parcels of land housing only o…
Market overview
Demographics & Economy
Leslie, MI has 6,136 residents in 2,499 households. Density runs 105 people per square mile. Median household income here is $83,458 and median gross rent $1,083 a month.
6,136
Population
2,499
Households
2.5
Avg Household Size
42
Median Age
21%
College-Educated
95%
High-School Grad
58.3 sq mi
ZIP Area
105
Density / Sq Mi
$83,458
Median Household Income
$48,048
Median Earnings
$1,083
Median Rent
$193,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Rives Junction | — | — |
| Pleasant Lake | — | — |
| Onondaga | — | — |
| Mason | — | $14.14 |
Commercial property in Leslie, MI asks $274/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Leslie?
Commercial property in Leslie, MI asks an average of $274 per square foot. The 3 most recent recorded sales traded at a median of $92/SF, so asking sits 197% above the achieved median.
How much does it cost to lease commercial space in Leslie?
Asking lease rates in Leslie, MI average $9.00 per square foot per year.
What zoning applies to commercial property in Leslie?
Leslie, MI zones 855 acres across 7 districts, of which 8.2% is commercial and 7.7% industrial. The largest single district is Low Density Residential at 50.9% of zoned land. DIVISION 2. - R-1A ONE-FAMILY LOW DENSITY RESIDENTIAL DISTRICT Sec. 98-166. - Intent and purpose. (a) This section establishes the R-1A one-family low density residential district. It is the purpose of the R-1A one-family low density residential district to encourage a predominance of residential dwellings located on individual parcels of land housing only o… Residential zoning covers 72% and open space 0%.
Where does Realmo's Leslie market data come from?
Realmo compiles Leslie, MI figures from 4 recent recorded sales, 10 active sale listings, 2 active lease listings, 182 tracked off-market properties, the current Leslie zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 2 active for-lease listings in Leslie, 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: 855 zoned acres across 7 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
