Commercial Real Estate Market in Parchment, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 13 off-market properties in Parchment, MI.
Market Trends
Parchment, MI spans 22.0 square miles in Kalamazoo County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Parchment, MI asks $113/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 Parchment, MI asks $135/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 Parchment, 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 Parchment, MI asks $80/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 37.4%
- Open space 29%
- Industrial 23.7%
- Commercial 9.9%
Largest Zones share of zoned land by district
One Family Residential District
Recreation And Conservation District
Industrial Manufacturing District
Multiple Family Residential District
General Business District
Parchment, MI zones 510 acres across 8 districts. Commercial zoning covers 9.9% of zoned land, residential 37.4%, open space 29% and industrial 23.7%. The largest single district is One Family Residential District at 31.7%. For commercial buyers the practical constraint is that only 33.6% of land carries a commercial or industrial designation.
One Family Residential District (R-A)
The R-A, One-Family Residential Districts are established as districts in which the principal use of land is for one-family dwellings. For the one-family residential districts, in promoting the general purpose of this Ordinance, the specific intent is: To encourage the construction of, and the continued use of the land for one-family dwellings
Market overview
Demographics & Economy
Parchment, MI has 16,358 residents in 7,663 households. Density runs 742 people per square mile. Median household income here is $72,434 and median gross rent $1,059 a month.
16,358
Population
7,663
Households
2.1
Avg Household Size
39
Median Age
34%
College-Educated
96%
High-School Grad
22 sq mi
ZIP Area
742
Density / Sq Mi
$72,434
Median Household Income
$42,213
Median Earnings
$1,059
Median Rent
$183,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Nazareth | — | — |
| Comstock | — | — |
| Kalamazoo | — | $20.03 |
| Richland | — | — |
Commercial property in Parchment, MI asks $146/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Parchment?
Commercial property in Parchment, MI asks an average of $146 per square foot. Retail carries the highest asking price at $135/SF.
What zoning applies to commercial property in Parchment?
Parchment, MI zones 510 acres across 8 districts, of which 9.9% is commercial and 23.7% industrial. The largest single district is One Family Residential District at 31.7% of zoned land. The R-A, One-Family Residential Districts are established as districts in which the principal use of land is for one-family dwellings. For the one-family residential districts, in promoting the general purpose of this Ordinance, the specific intent is: To encourage the construction of, and the continued use of the land for one-family dwellings Residential zoning covers 37.4% and open space 29%.
Where does Realmo's Parchment market data come from?
Realmo compiles Parchment, MI figures from 4 active sale listings, 13 tracked off-market properties, the current Parchment 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 Parchment, 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: 510 zoned acres across 8 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
