Commercial Real Estate Market in Mendon, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 184 off-market properties in Mendon, MI.
Market Trends
Mendon, MI spans 58.4 square miles in St. Joseph County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Mendon, MI asks $48/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 vacancy in Mendon, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Mendon, 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 Mendon, 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 41.3%
- Civic 33.3%
- Industrial 23.4%
- Commercial 1%
Largest Zones share of zoned land by district
Public Lands Schools
Residence District
Residence District
Industrial District
Business District
Residence District (B)
Residence District B comprises areas presently of a residential character where medium density residential development has occurred or appears likely to occur.
Market overview
Demographics & Economy
Mendon, MI has 3,124 residents in 1,336 households. Density runs 53 people per square mile. Median household income here is $67,379 and median gross rent $974 a month.
3,124
Population
1,336
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
91%
High-School Grad
58.4 sq mi
ZIP Area
53
Density / Sq Mi
$67,379
Median Household Income
$40,598
Median Earnings
$974
Median Rent
$169,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Leonidas | — | — |
| Nottawa | — | — |
| Centreville | — | — |
| Colon | — | — |
Frequently Asked Questions
Where does Realmo's Mendon market data come from?
Realmo compiles Mendon, MI figures from 4 recent recorded sales, 4 active sale listings, 184 tracked off-market properties, the current Mendon zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 0 active for-lease listings in Mendon, 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: 619 zoned acres across 8 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
