Commercial Real Estate Market in Niles, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
49 active listings and 1,466 off-market properties in Niles, MI. Commercial property asks $96/SF to buy and $12.00/SF/Yr to lease.
Market Trends
Niles, MI spans 116.5 square miles in Berrien County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Niles, MI has a median asking sale price of $104/SF (based on 5 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Niles, MI has a median asking sale price of $88/SF (based on 9 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Niles, 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%.
Multifamily
Multifamily vacancy in Niles, 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
- Industrial 52.6%
- Residential 41.9%
- Commercial 4%
- Open space 0.1%
Largest Zones share of zoned land by district
Niles, MI zones 3,612 acres across 9 districts. Commercial zoning covers 4% of zoned land, residential 41.9%, open space 0.1% and industrial 52.6%. The largest single district is Industrial at 52.6%. For commercial buyers the practical constraint is that only 56.6% of land carries a commercial or industrial designation.
IND Industrial OS Open Space MHP Mobile Home Park WHP Wellhead Protection Overlay 4-2 CITY OF NILES - Zoning Ordinance ZONING DISTRICTS , LAND USE AND ZONING MAP E. In the event the Official Zoning Map becomes damaged, destroyed, lost, or difficult to interpret because of the nature or number of changes and additions, the City Council may by resolution adopt…
Market overview
Demographics & Economy
Niles, MI has 37,076 residents in 15,581 households. Density runs 318 people per square mile. Median household income here is $61,940 and median gross rent $911 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Buchanan | $62 | — |
| Edwardsburg | $56 | — |
| South Bend | $109 | $15.00 |
Commercial property in Niles, MI asks $96/SF. The 3 bordering markets run from $56/SF in Edwardsburg to $109/SF in South Bend, and the city sits above their $62/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Niles?
How much does it cost to lease commercial space in Niles?
How does Niles compare to nearby markets on price?
What zoning applies to commercial property in Niles?
Where does Realmo's Niles market data come from?
Methodology & data sources
- Asking prices and medians
- There are 29 active for-sale and 20 active for-lease listings in Niles, MI. The medians are based on 16 of the for-sale and 11 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: 3,612 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, 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 October 2026 · How Realmo checks market page data · Report a data issue
