Commercial Real Estate Market in Nashville, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 143 off-market properties in Nashville, MI.
Market Trends
Nashville, MI spans 70.5 square miles in Barry County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Nashville, 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 Nashville, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Nashville, 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 Nashville, 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
- Industrial 43.2%
- Agricultural 25.1%
- Residential 18.4%
- Mixed use 9%
- Commercial 4.3%
Largest Zones share of zoned land by district
Rural Residential
Agricultural
Moderate Density Residential
Mixed Use
Single Family
Rural Residential (RR)
The intent of this district is to promote a range of low intensity land uses including low-density residential, farming and farm-related activities, light industrial and resource extraction
Market overview
Demographics & Economy
Nashville, MI has 4,874 residents in 1,980 households. Density runs 69 people per square mile. Median household income here is $61,484 and median gross rent $861 a month.
4,874
Population
1,980
Households
2.5
Avg Household Size
40
Median Age
10%
College-Educated
89%
High-School Grad
70.5 sq mi
ZIP Area
69
Density / Sq Mi
$61,484
Median Household Income
$37,881
Median Earnings
$861
Median Rent
$165,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Vermontville | — | — |
| Woodland | — | — |
| Hastings | — | — |
| Dowling | — | — |
Commercial property in Nashville, MI asks $556/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Nashville?
Commercial property in Nashville, MI asks an average of $556 per square foot. The 4 most recent recorded sales traded at a median of $48/SF, so asking sits 1053% above the achieved median.
Where does Realmo's Nashville market data come from?
Realmo compiles Nashville, MI figures from 5 recent recorded sales, 5 active sale listings, 143 tracked off-market properties, the current Nashville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 0 active for-lease listings in Nashville, 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: 1,441 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
