Commercial Real Estate Market in Martin, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Martin, MI spans 26.1 square miles in Allegan County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Martin, MI asks $97/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 Martin, 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 Martin, 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 Martin, MI asks $87/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
- Agricultural 55.7%
- Residential 34.4%
- Industrial 5.2%
- Commercial 4.7%
Largest Zones share of zoned land by district
Agricultural
Class A Residential
Class B Residential
Industrial
Commercial
Agricultural (A)
The intent of this zone is to promote agricultural uses.
Market overview
Demographics & Economy
Martin, MI has 2,510 residents in 847 households. Density runs 96 people per square mile. Median household income here is $72,344 and median gross rent $756 a month.
2,510
Population
847
Households
3
Avg Household Size
40
Median Age
14%
College-Educated
94%
High-School Grad
26.1 sq mi
ZIP Area
96
Density / Sq Mi
$72,344
Median Household Income
$37,015
Median Earnings
$756
Median Rent
$200,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Shelbyville | — | — |
| Otsego | — | $13.80 |
| Bradley | — | — |
| Plainwell | — | — |
Frequently Asked Questions
Where does Realmo's Martin market data come from?
Realmo compiles Martin, MI figures from 2 recent recorded sales, 98 tracked off-market properties, the current Martin zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- 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: 480 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
