Commercial Real Estate Market in Olivet, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 367 off-market properties in Olivet, MI.
Market Trends
Olivet, MI spans 57.1 square miles in Eaton County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Olivet, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Olivet, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Olivet, 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 Olivet, 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 48.3%
- Agricultural 47.2%
- Commercial 3.9%
- Industrial 0.4%
Largest Zones share of zoned land by district
Agricultural
One Family Low Density Residential
Medium Density Residential
Multiple Family Residential
General Business
Agricultural (A-1)
A-1 Agricultural. (b) Zoning districts map. (1) The boundaries of these districts are hereby defined and established as shown on a map entitled "Zoning District Map of the City of Olivet, Eaton County, Michigan," which map, with all explanatory matter thereon, is hereby made a part of this chapter. (2) The official zoning map shall be identified by the signa…
Market overview
Demographics & Economy
Olivet, MI has 4,445 residents in 1,544 households. Density runs 78 people per square mile. Median household income here is $67,614 and median gross rent $904 a month.
4,445
Population
1,544
Households
2.9
Avg Household Size
34
Median Age
23%
College-Educated
92%
High-School Grad
57.1 sq mi
ZIP Area
78
Density / Sq Mi
$67,614
Median Household Income
$27,017
Median Earnings
$904
Median Rent
$185,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bellevue | — | — |
| Charlotte | — | — |
| Marshall | — | $12.40 |
| Springport | — | — |
Frequently Asked Questions
Where does Realmo's Olivet market data come from?
Realmo compiles Olivet, MI figures from 7 recent recorded sales, 4 active sale listings, 367 tracked off-market properties, the current Olivet zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 0 active for-lease listings in Olivet, 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: 638 zoned acres across 7 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
