Commercial Real Estate Market in Metamora, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
21 active listings and 152 off-market properties in Metamora, MI. Commercial property asks $349/SF to buy and $12.00/SF/Yr to lease.
Market Trends
Metamora, MI spans 64.5 square miles in Lapeer County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Metamora, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Metamora, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Metamora, 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 Metamora, 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 80.2%
- Civic 11.7%
- Industrial 5.1%
- Commercial 3%
Largest Zones share of zoned land by district
Single Family Residential
Low Density Single Family Residential
Public Institutional
Industrial
Commercial Central Business District
Metamora, MI zones 547 acres across 7 districts. Commercial zoning covers 3% of zoned land, residential 80.2% and industrial 5.1%. The largest single district is Single Family Residential at 51.9%. For commercial buyers the practical constraint is that only 8.1% of land carries a commercial or industrial designation.
Single Family Residential (R-2)
District is intended to provide home sites and a suitable environment for individuals, and families and individuals with children.
Market overview
Demographics & Economy
Metamora, MI has 8,166 residents in 3,218 households. Density runs 127 people per square mile. Median household income here is $97,060 and median gross rent $1,202 a month.
8,166
Population
3,218
Households
2.5
Avg Household Size
49
Median Age
33%
College-Educated
93%
High-School Grad
64.5 sq mi
ZIP Area
127
Density / Sq Mi
$97,060
Median Household Income
$52,512
Median Earnings
$1,202
Median Rent
$353,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hadley | — | — |
| Lake Nepessing | — | — |
| Lapeer | — | $26.21 |
| Oxford | — | $14.96 |
Commercial property in Metamora, MI asks $349/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Metamora?
Commercial property in Metamora, MI asks an average of $349 per square foot. The 3 most recent recorded sales traded at a median of $112/SF, so asking sits 210% above the achieved median.
How much does it cost to lease commercial space in Metamora?
Asking lease rates in Metamora, MI average $12.00 per square foot per year.
What zoning applies to commercial property in Metamora?
Metamora, MI zones 547 acres across 7 districts, of which 3% is commercial and 5.1% industrial. The largest single district is Single Family Residential at 51.9% of zoned land. District is intended to provide home sites and a suitable environment for individuals, and families and individuals with children. Residential zoning covers 80.2% and open space 0%.
Where does Realmo's Metamora market data come from?
Realmo compiles Metamora, MI figures from 4 recent recorded sales, 18 active sale listings, 3 active lease listings, 152 tracked off-market properties, the current Metamora zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 18 active for-sale and 3 active for-lease listings in Metamora, 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: 547 zoned acres across 7 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
