Commercial Real Estate Market in Niles, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
124 active listings and 1,466 off-market properties in Niles, MI. Commercial property asks $160/SF to buy and $11.78/SF/Yr to lease.
Market Trends
Niles, MI spans 116.5 square miles in Berrien County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Niles, MI asks $131/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 Niles, MI asks $104/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 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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Niles, 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 52.6%
- Residential 41.9%
- Commercial 4%
- Open space 0.1%
Largest Zones share of zoned land by district
Industrial
Low Density Residential
Central Business
Neighborhood Center
Moderate Density Residential
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.
Industrial (IND)
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.
37,076
Population
15,581
Households
2.4
Avg Household Size
43
Median Age
21%
College-Educated
92%
High-School Grad
116.5 sq mi
ZIP Area
318
Density / Sq Mi
$61,940
Median Household Income
$38,779
Median Earnings
$911
Median Rent
$166,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Buchanan | — | — |
| Roseland | — | — |
| Berrien Center | — | — |
| Edwardsburg | — | — |
Commercial property in Niles, MI asks $160/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Niles?
Commercial property in Niles, MI asks an average of $160 per square foot. The 4 most recent recorded sales traded at a median of $28/SF, so asking sits 469% above the achieved median. Office carries the highest asking price at $131/SF.
How much does it cost to lease commercial space in Niles?
Asking lease rates in Niles, MI average $11.78 per square foot per year.
What zoning applies to commercial property in Niles?
Niles, MI zones 3,612 acres across 9 districts, of which 4% is commercial and 52.6% industrial. The largest single district is Industrial at 52.6% of zoned land. 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… Residential zoning covers 41.9% and open space 0.1%.
Where does Realmo's Niles market data come from?
Realmo compiles Niles, MI figures from 7 recent recorded sales, 109 active sale listings, 15 active lease listings, 1,466 tracked off-market properties, the current Niles zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 109 active for-sale and 15 active for-lease listings in Niles, 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: 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 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
