Commercial Real Estate Market in Newaygo, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
20 active listings and 493 off-market properties in Newaygo, MI. Commercial property asks $130/SF to buy and $12.58/SF/Yr to lease (based on 6 listings).
Market Trends
Newaygo, MI spans 110.3 square miles in Newaygo County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Newaygo, MI has a median asking sale price of $145/SF (based on 5 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Newaygo, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial space in Newaygo, MI has a median asking sale price of $99/SF (based on 6 listings). Vacancy runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Multifamily
Multifamily vacancy in Newaygo, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 69.8%
- Industrial 14%
- Special 8.6%
- Commercial 7.7%
Largest Zones share of zoned land by district
Newaygo, MI zones 2,482 acres across 9 districts. Commercial zoning covers 7.7% of zoned land, residential 69.8% and industrial 14%. The largest single district is Rural Residential at 47.2%. For commercial buyers the practical constraint is that only 21.7% of land carries a commercial or industrial designation.
TER 8 CLASSIFICATION OF ZONING DISTRICTS Section 8.01 Zoning Districts For the purposes of this Ordinance, the City of Newaygo is hereby divided into the following Zoning Districts: F-1 Flood Hazard RR Rural Residential R-1 Single-Family Residential R-2 Single and Two-Family Residential R-3 Multiple Family Residential MHP Manufactured Home Park B-1 Community…
Market overview
Demographics & Economy
Newaygo, MI has 12,854 residents in 6,688 households. Density runs 117 people per square mile. Median household income here is $64,442 and median gross rent $1,021 a month.
Tools
Nearby Markets
Commercial property in Newaygo, MI asks $130/SF. The 2 bordering markets run from $71/SF in Fremont to $101/SF in Grant, and the city sits above their $86/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Newaygo?
How much does it cost to lease commercial space in Newaygo?
How does Newaygo compare to nearby markets on price?
What zoning applies to commercial property in Newaygo?
Where does Realmo's Newaygo market data come from?
Methodology & data sources
- Asking prices and medians
- There are 13 active for-sale and 7 active for-lease listings in Newaygo, MI. The medians are based on 12 of the for-sale and 6 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 2,482 zoned acres across 9 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
