Commercial Real Estate Market in Petersburg, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 187 off-market properties in Petersburg, MI.
Market Trends
Petersburg, MI spans 44.9 square miles in Monroe County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Petersburg, 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 Petersburg, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Petersburg, 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 Petersburg, 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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 79.9%
- Industrial 15.7%
- Commercial 3.9%
- Planned_development 0.5%
Largest Zones share of zoned land by district
Single Family Residential
Light Industrial
Medium Density Residential
Commercial District
Planned Unit Development
Petersburg, MI zones 360 acres across 5 districts. Commercial zoning covers 3.9% of zoned land, residential 79.9% and industrial 15.7%. The largest single district is Single Family Residential at 73.2%. For commercial buyers the practical constraint is that only 19.6% of land carries a commercial or industrial designation.
Light Industrial (I-1)
I-1, Light Industrial District PUD, Planned Unit Development FP, Flood Hazards Overlay Zone (see Section 5.03) Section 3.02 Official Zoning Map A. For the purpose of this Ordinance, zoning districts as provided herein are bounded and defined as shown on a map entitled "Official Zoning Map of the City of Petersburg". The official zoning map, with all explanat…
Market overview
Demographics & Economy
Petersburg, MI has 5,822 residents in 2,316 households. Density runs 130 people per square mile. Median household income here is $89,412 and median gross rent $761 a month.
5,822
Population
2,316
Households
2.5
Avg Household Size
44
Median Age
28%
College-Educated
93%
High-School Grad
44.9 sq mi
ZIP Area
130
Density / Sq Mi
$89,412
Median Household Income
$55,114
Median Earnings
$761
Median Rent
$269,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Deerfield | — | — |
| Ida | — | — |
| Samaria | — | — |
| Ottawa Lake | — | — |
Commercial property in Petersburg, MI asks $2/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Petersburg?
Commercial property in Petersburg, MI asks an average of $2 per square foot. Multifamily carries the highest asking price at $97/SF.
What zoning applies to commercial property in Petersburg?
Petersburg, MI zones 360 acres across 5 districts, of which 3.9% is commercial and 15.7% industrial. The largest single district is Single Family Residential at 73.2% of zoned land. Residential zoning covers 79.9% and open space 0%.
Where does Realmo's Petersburg market data come from?
Realmo compiles Petersburg, MI figures from 3 recent recorded sales, 4 active sale listings, 187 tracked off-market properties, the current Petersburg 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 Petersburg, 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: 360 zoned acres across 5 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
