Commercial Real Estate Market in Mt Pleasant, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
258 active listings and 1,258 off-market properties in Mt Pleasant, MI. Commercial property asks $54/SF to buy and $23.23/SF/Yr to lease.
Market Trends
Mt Pleasant, MI spans 174.6 square miles in Isabella County, Michigan. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Mt Pleasant, MI asks $82/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 Mt Pleasant, MI asks $100/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 Mt Pleasant, 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 Mt Pleasant, MI asks $88/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
Mt Pleasant, MI has 44,268 residents in 19,431 households. Density runs 254 people per square mile. Median household income here is $48,794 and median gross rent $862 a month.
44,268
Population
19,431
Households
2.3
Avg Household Size
29
Median Age
40%
College-Educated
93%
High-School Grad
174.6 sq mi
ZIP Area
254
Density / Sq Mi
$48,794
Median Household Income
$21,785
Median Earnings
$862
Median Rent
$168,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mount Pleasant | — | $23.23 |
| Shepherd | — | — |
| Coleman | — | — |
Commercial property in Mt Pleasant, MI asks $54/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Mt Pleasant?
Commercial property in Mt Pleasant, MI asks an average of $54 per square foot. Retail carries the highest asking price at $100/SF.
How much does it cost to lease commercial space in Mt Pleasant?
Asking lease rates in Mt Pleasant, MI average $23.23 per square foot per year.
Where does Realmo's Mt Pleasant market data come from?
Realmo compiles Mt Pleasant, MI figures from 2 recent recorded sales, 218 active sale listings, 40 active lease listings, 1,258 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 218 active for-sale and 40 active for-lease listings in Mt Pleasant, 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 30 September 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 30 September 2026 · report a data issue
