Commercial Real Estate Market in Michigan Center, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
21 active listings and 162 off-market properties in Michigan Center, MI. Commercial property asks $117/SF to buy and $8.70/SF/Yr to lease.
Market Trends
Michigan Center, MI spans 2.6 square miles in Jackson County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Michigan Center, MI asks $94/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 Michigan Center, MI asks $105/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 Michigan Center, 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 Michigan Center, MI asks $77/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
Market overview
Demographics & Economy
Michigan Center, MI has 3,163 residents in 1,805 households. Density runs 1,205 people per square mile. Median household income here is $73,750 and median gross rent $1,038 a month.
3,163
Population
1,805
Households
1.8
Avg Household Size
44
Median Age
22%
College-Educated
93%
High-School Grad
2.6 sq mi
ZIP Area
1,205
Density / Sq Mi
$73,750
Median Household Income
$50,923
Median Earnings
$1,038
Median Rent
$167,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Jackson | — | $13.16 |
| Napoleon | — | — |
| Grass Lake | — | — |
| Clarklake | — | — |
Commercial property in Michigan Center, MI asks $117/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Michigan Center?
Commercial property in Michigan Center, MI asks an average of $117 per square foot. The 4 most recent recorded sales traded at a median of $46/SF, so asking sits 156% above the achieved median. Retail carries the highest asking price at $105/SF.
How much does it cost to lease commercial space in Michigan Center?
Asking lease rates in Michigan Center, MI average $8.70 per square foot per year.
Where does Realmo's Michigan Center market data come from?
Realmo compiles Michigan Center, MI figures from 8 recent recorded sales, 15 active sale listings, 6 active lease listings, 162 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 15 active for-sale and 6 active for-lease listings in Michigan Center, 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.
- 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
