Commercial Real Estate Market in Lowell, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
33 active listings and 565 off-market properties in Lowell, MI. Commercial property asks $81/SF to buy and $14.41/SF/Yr to lease.
Market Trends
Lowell, MI spans 91.5 square miles in Kent County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Lowell, MI asks $147/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 Lowell, MI asks $206/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 Lowell, 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 space in Lowell, MI asks $162/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 55.4%
- Industrial 16.4%
- Planned_development 5.7%
- Commercial 2.4%
- Special 0.5%
Largest Zones share of zoned land by district
Single Family Residential District
Single And Two Family Residential District
Rivers Edge
Industrial And Rivers Edge
Multiple Family District And Rivers Edge District
Lowell, MI zones 1,024 acres across 17 districts. Commercial zoning covers 2.4% of zoned land, residential 55.4% and industrial 16.4%. The largest single district is Single Family Residential District at 21.7%. For commercial buyers the practical constraint is that only 18.8% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Lowell, MI has 18,023 residents in 7,208 households. Density runs 197 people per square mile. Median household income here is $92,443 and median gross rent $1,109 a month.
18,023
Population
7,208
Households
2.5
Avg Household Size
40
Median Age
39%
College-Educated
96%
High-School Grad
91.5 sq mi
ZIP Area
197
Density / Sq Mi
$92,443
Median Household Income
$49,286
Median Earnings
$1,109
Median Rent
$293,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Saranac | — | — |
| Ada | — | $17.67 |
| Alto | — | — |
| Clarksville | — | — |
Commercial property in Lowell, MI asks $81/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lowell?
Commercial property in Lowell, MI asks an average of $81 per square foot. The 3 most recent recorded sales traded at a median of $192/SF. Retail carries the highest asking price at $206/SF.
How much does it cost to lease commercial space in Lowell?
Asking lease rates in Lowell, MI average $14.41 per square foot per year.
What zoning applies to commercial property in Lowell?
Lowell, MI zones 1,024 acres across 17 districts, of which 2.4% is commercial and 16.4% industrial. The largest single district is Single Family Residential District at 21.7% of zoned land. Residential zoning covers 55.4% and open space 0%.
Where does Realmo's Lowell market data come from?
Realmo compiles Lowell, MI figures from 3 recent recorded sales, 30 active sale listings, 3 active lease listings, 565 tracked off-market properties, the current Lowell zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 30 active for-sale and 3 active for-lease listings in Lowell, 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: 1,024 zoned acres across 17 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
