Commercial Real Estate Market in Ottawa Lake, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 233 off-market properties in Ottawa Lake, MI.
Market Trends
Ottawa Lake, MI spans 39.0 square miles in Monroe County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Ottawa Lake, 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 Ottawa Lake, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Ottawa Lake, 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 Ottawa Lake, MI asks $97/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
Market overview
Demographics & Economy
Ottawa Lake, MI has 3,920 residents in 1,593 households. Density runs 101 people per square mile. Median household income here is $96,389 and median gross rent $858 a month.
3,920
Population
1,593
Households
2.5
Avg Household Size
47
Median Age
28%
College-Educated
98%
High-School Grad
39 sq mi
ZIP Area
101
Density / Sq Mi
$96,389
Median Household Income
$43,281
Median Earnings
$858
Median Rent
$244,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Sylvania | — | — |
| Lambertville | — | — |
| Samaria | — | — |
| Temperance | — | — |
Commercial property in Ottawa Lake, MI asks $272/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Ottawa Lake?
Commercial property in Ottawa Lake, MI asks an average of $272 per square foot. The 3 most recent recorded sales traded at a median of $18/SF, so asking sits 1380% above the achieved median. Multifamily carries the highest asking price at $97/SF.
Where does Realmo's Ottawa Lake market data come from?
Realmo compiles Ottawa Lake, MI figures from 4 recent recorded sales, 5 active sale listings, 1 active lease listings, 233 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 1 active for-lease listings in Ottawa Lake, 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.
- 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
