Commercial Real Estate Market in Monroe, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
160 active listings and 2,126 off-market properties in Monroe, MI. Commercial property asks $46/SF to buy and $25.30/SF/Yr to lease.
Market Trends
Monroe, MI spans 102.3 square miles in Monroe County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Monroe, 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 Monroe, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Monroe, 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 Monroe, MI asks $97/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
- Civic 47.5%
- Industrial 28.8%
- Commercial 5.1%
- Planned_development 4.4%
- Open space 4.1%
- Mixed use 3.8%
- Special 3.4%
- Residential 0.5%
Largest Zones share of zoned land by district
Public Recreation And Open Space
Port Industrial
Low Density Residential Small Lot
Light Industrial
Low Density Residential Large Lot
Port Industrial (I-P)
The I-P, Port Industrial District, is intended to support the economic development of the Port of Monroe, while protecting the natural environment and the ability of all port users to conduct business efficiently . Supp 14, May 2024 ZONING 2020 CITY OF MONROE, MICHIGAN 68
Market overview
Demographics & Economy
Monroe, MI has 55,727 residents in 24,713 households. Density runs 545 people per square mile. Median household income here is $67,235 and median gross rent $933 a month.
55,727
Population
24,713
Households
2.3
Avg Household Size
42
Median Age
22%
College-Educated
90%
High-School Grad
102.3 sq mi
ZIP Area
545
Density / Sq Mi
$67,235
Median Household Income
$40,966
Median Earnings
$933
Median Rent
$183,141
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Milan Township | — | — |
| Rea | — | — |
| London Township | — | — |
| Mooreville | — | — |
Commercial property in Monroe, MI asks $46/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Monroe?
Commercial property in Monroe, MI asks an average of $46 per square foot. The 4 most recent recorded sales traded at a median of $210/SF. Multifamily carries the highest asking price at $97/SF.
How much does it cost to lease commercial space in Monroe?
Asking lease rates in Monroe, MI average $25.30 per square foot per year.
Where does Realmo's Monroe market data come from?
Realmo compiles Monroe, MI figures from 4 recent recorded sales, 120 active sale listings, 40 active lease listings, 2,126 tracked off-market properties, the current Monroe zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 120 active for-sale and 40 active for-lease listings in Monroe, 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: 5,536 zoned acres across 20 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
