Commercial Real Estate Market in Owosso, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
64 active listings and 1,279 off-market properties in Owosso, MI. Commercial property asks $60/SF to buy and $13.63/SF/Yr to lease.
Market Trends
Owosso, MI spans 159.4 square miles in Shiawassee County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Owosso, 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 Owosso, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Owosso, 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 Owosso, 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 67.8%
- Industrial 15%
- Open space 9.9%
- Commercial 5.7%
- Planned_development 0.3%
Largest Zones share of zoned land by district
One Family Residential
Light Industrial
Conservation Open Space
Two Family Residential
Multiple Family Residential Low Rise
Owosso, MI zones 3,457 acres across 14 districts. Commercial zoning covers 5.7% of zoned land, residential 67.8%, open space 9.9% and industrial 15%. The largest single district is One Family Residential at 56.4%. For commercial buyers the practical constraint is that only 20.7% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Owosso, MI has 28,394 residents in 12,997 households. Density runs 178 people per square mile. Median household income here is $58,638 and median gross rent $836 a month.
28,394
Population
12,997
Households
2.2
Avg Household Size
42
Median Age
20%
College-Educated
91%
High-School Grad
159.4 sq mi
ZIP Area
178
Density / Sq Mi
$58,638
Median Household Income
$37,996
Median Earnings
$836
Median Rent
$146,463
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Carland | — | — |
| Oakley | — | — |
| Chesaning | — | — |
| Ovid | — | — |
Commercial property in Owosso, MI asks $60/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Owosso?
Commercial property in Owosso, MI asks an average of $60 per square foot.
How much does it cost to lease commercial space in Owosso?
Asking lease rates in Owosso, MI average $13.63 per square foot per year.
What zoning applies to commercial property in Owosso?
Owosso, MI zones 3,457 acres across 14 districts, of which 5.7% is commercial and 15% industrial. The largest single district is One Family Residential at 56.4% of zoned land. Residential zoning covers 67.8% and open space 9.9%.
Where does Realmo's Owosso market data come from?
Realmo compiles Owosso, MI figures from 5 recent recorded sales, 53 active sale listings, 11 active lease listings, 1,279 tracked off-market properties, the current Owosso zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 53 active for-sale and 11 active for-lease listings in Owosso, 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: 3,457 zoned acres across 14 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
