Commercial Real Estate Market in Newaygo, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
60 active listings and 493 off-market properties in Newaygo, MI. Commercial property asks $18/SF to buy and $12.90/SF/Yr to lease.
Market Trends
Newaygo, MI spans 110.3 square miles in Newaygo County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Newaygo, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail space in Newaygo, MI asks $115/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 Newaygo, 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 Newaygo, 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
- Residential 69.8%
- Industrial 14%
- Special 8.6%
- Commercial 7.7%
Largest Zones share of zoned land by district
Rural Residential
Single Family Residential
Industrial
Flood Hazard
Community Business 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.
Single Family Residential (R1)
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.
12,854
Population
6,688
Households
1.9
Avg Household Size
44
Median Age
18%
College-Educated
90%
High-School Grad
110.3 sq mi
ZIP Area
117
Density / Sq Mi
$64,442
Median Household Income
$38,034
Median Earnings
$1,021
Median Rent
$191,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Grant | — | — |
| Croton | — | — |
| Fremont | — | $9.82 |
| White Cloud | — | — |
Commercial property in Newaygo, MI asks $18/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Newaygo?
Commercial property in Newaygo, MI asks an average of $18 per square foot. Retail carries the highest asking price at $115/SF.
How much does it cost to lease commercial space in Newaygo?
Asking lease rates in Newaygo, MI average $12.90 per square foot per year.
What zoning applies to commercial property in Newaygo?
Newaygo, MI zones 2,482 acres across 9 districts, of which 7.7% is commercial and 14% industrial. The largest single district is Rural Residential at 47.2% of zoned land. Residential zoning covers 69.8% and open space 0%.
Where does Realmo's Newaygo market data come from?
Realmo compiles Newaygo, MI figures from 54 active sale listings, 6 active lease listings, 493 tracked off-market properties, the current Newaygo zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 54 active for-sale and 6 active for-lease listings in Newaygo, 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: 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 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
