Commercial Real Estate Market in Lexington, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
44 active listings and 205 off-market properties in Lexington, MI. Commercial property asks $381/SF to buy and $5.00/SF/Yr to lease.
Market Trends
Lexington, MI spans 21.9 square miles in Sanilac County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lexington, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail space in Lexington, MI asks $85/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 Lexington, 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 Lexington, 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 48.9%
- Agricultural 32.3%
- Mixed use 15.3%
- Commercial 3.5%
Largest Zones share of zoned land by district
Single Family Residential
Agriculture
Industrial Mixed Use
Mobile Home Park Residential
Corridor Mixed Use
Corridor Mixed Use (C-MU)
TURE DISTRICT (AG) SEC. 4.5 SINGLE-FAMILY RESIDENTIAL DISTRICT (R-1) SEC. 4.6 MULTIPLE-FAMILY RESIDENTIAL DISTRICTS (R-2 AND R-3) SEC. 4.7 MOBILE HOME PARK DISTRICT (MHP) SEC. 4.8 MIXED USE & CENTRAL BUSINESS DISTRICTS (C-MU, G-MU, AND CBD) SEC. 4.9 GC, GENERAL COMMERCIAL DISTRICT SEC. 4.10 I-MU, INDUSTRIAL MIXED-USE DISTRICT SEC. 4.11 SCHEDULE OF REGULATION…
Market overview
Demographics & Economy
Lexington, MI has 4,199 residents in 4,113 households. Density runs 192 people per square mile. Median household income here is $58,297 and median gross rent $855 a month.
4,199
Population
4,113
Households
1
Avg Household Size
55
Median Age
23%
College-Educated
95%
High-School Grad
21.9 sq mi
ZIP Area
192
Density / Sq Mi
$58,297
Median Household Income
$33,892
Median Earnings
$855
Median Rent
$200,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Croswell | — | — |
| Jeddo | — | — |
| Worth Township | — | — |
| Burtchville Township | — | — |
Commercial property in Lexington, MI asks $381/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lexington?
Commercial property in Lexington, MI asks an average of $381 per square foot. Retail carries the highest asking price at $85/SF.
How much does it cost to lease commercial space in Lexington?
Asking lease rates in Lexington, MI average $5.00 per square foot per year.
Where does Realmo's Lexington market data come from?
Realmo compiles Lexington, MI figures from 3 recent recorded sales, 43 active sale listings, 1 active lease listings, 205 tracked off-market properties, the current Lexington zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 43 active for-sale and 1 active for-lease listings in Lexington, 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: 895 zoned acres across 10 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
