Commercial Real Estate Market in Owosso, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
46 active listings and 1,279 off-market properties in Owosso, MI. Commercial property asks $84/SF to buy and $17.01/SF/Yr to lease (based on 4 listings).
Market Trends
Owosso, MI spans 159.4 square miles in Shiawassee County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Owosso, MI has a median asking sale price of $40/SF (based on 3 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Owosso, MI has a median asking sale price of $88/SF (based on 3 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily space in Owosso, MI has a median asking sale price of $80/SF (based on 3 listings). Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
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
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Owosso?
How much does it cost to lease commercial space in Owosso?
What zoning applies to commercial property in Owosso?
Where does Realmo's Owosso market data come from?
Methodology & data sources
- Asking prices and medians
- There are 32 active for-sale and 14 active for-lease listings in Owosso, MI. The medians are based on 12 of the for-sale and 4 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
