Commercial Real Estate Market in Oakley, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Oakley, MI spans 27.5 square miles in Saginaw County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Oakley, MI asks $63/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 Oakley, MI asks $52/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 Oakley, 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 space in Oakley, MI asks $68/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 95.6%
- Industrial 3.4%
- Commercial 1%
Largest Zones share of zoned land by district
Agricultural Dispersed Residential
Residential Single Family
Industrial Light Manufacturing
Multiple Family
Commercial Intensive
Oakley, MI zones 639 acres across 6 districts. Commercial zoning covers 1% of zoned land, residential 95.6% and industrial 3.4%. The largest single district is Agricultural Dispersed Residential at 86.5%. For commercial buyers the practical constraint is that only 4.4% of land carries a commercial or industrial designation.
Agricultural Dispersed Residential (R-1A)
This district is intended for open rural agricultural areas which are of prime potential for urban development. The purpose of this zone is to permit a gradual transition from agricultural uses to more intensive uses, primarily residential.
Market overview
Demographics & Economy
Oakley, MI has 1,634 residents in 633 households. Density runs 59 people per square mile. Median household income here is $68,288 and median gross rent $785 a month.
1,634
Population
633
Households
2.6
Avg Household Size
47
Median Age
14%
College-Educated
90%
High-School Grad
27.5 sq mi
ZIP Area
59
Density / Sq Mi
$68,288
Median Household Income
$38,664
Median Earnings
$785
Median Rent
$151,500
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Oakley?
Oakley, MI zones 639 acres across 6 districts, of which 1% is commercial and 3.4% industrial. The largest single district is Agricultural Dispersed Residential at 86.5% of zoned land. This district is intended for open rural agricultural areas which are of prime potential for urban development. The purpose of this zone is to permit a gradual transition from agricultural uses to more intensive uses, primarily residential. Residential zoning covers 95.6% and open space 0%.
Methodology & data sources
- 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: 639 zoned acres across 6 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
