Commercial Real Estate Market in Litchfield, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 269 off-market properties in Litchfield, MI.
Market Trends
Litchfield, MI spans 42.7 square miles in Hillsdale County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Litchfield, 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 Litchfield, MI asks $82/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 Litchfield, 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 Litchfield, 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 53.4%
- Industrial 26.9%
- Commercial 12.4%
- Open space 7.3%
Largest Zones share of zoned land by district
Residential District
Industrial District
Highway Business District
Residential District
Parks And Public Owned District
Litchfield, MI zones 1,789 acres across 6 districts. Commercial zoning covers 12.4% of zoned land, residential 53.4%, open space 7.3% and industrial 26.9%. The largest single district is Residential District at 44.6%. For commercial buyers the practical constraint is that only 39.3% of land carries a commercial or industrial designation.
Industrial District (I-1)
I-1 (Industrial District). This District is designed to provide suitable space for industrial uses, which are primarily of a manufacturing and assembling character, to operate in a safe, non-objectionable and efficient manner, without adverse effects on residential and commercial areas in the City. (e) P-1 (Parks/Public Owned). This District is intended to p…
Market overview
Demographics & Economy
Litchfield, MI has 2,666 residents in 1,119 households. Density runs 62 people per square mile. Median household income here is $52,625 and median gross rent $741 a month.
2,666
Population
1,119
Households
2.4
Avg Household Size
42
Median Age
14%
College-Educated
91%
High-School Grad
42.7 sq mi
ZIP Area
62
Density / Sq Mi
$52,625
Median Household Income
$32,209
Median Earnings
$741
Median Rent
$121,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mosherville | — | — |
| Jonesville | — | — |
| Allen | — | — |
| Quincy | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Litchfield?
Litchfield, MI zones 1,789 acres across 6 districts, of which 12.4% is commercial and 26.9% industrial. The largest single district is Residential District at 44.6% of zoned land. Residential zoning covers 53.4% and open space 7.3%.
Where does Realmo's Litchfield market data come from?
Realmo compiles Litchfield, MI figures from 5 recent recorded sales, 2 active sale listings, 269 tracked off-market properties, the current Litchfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Litchfield, 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: 1,789 zoned acres across 6 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
