Commercial Real Estate Market in Pewamo, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 75 off-market properties in Pewamo, MI.
Market Trends
Pewamo, MI spans 31.2 square miles in Ionia County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Pewamo, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail space in Pewamo, MI asks $69/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 Pewamo, 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 Pewamo, 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 43.8%
- Agricultural 42.8%
- Industrial 7%
- Open space 3.6%
- Commercial 2.8%
Largest Zones share of zoned land by district
Agricultural Rural Estate
Low Density Single Family Residential
Neighborhood Conservation
Light Industrial
Multifamily Residential
Agricultural Rural Estate (A-1)
It is intended to protect and preserve agricultural land and rural characteristics of the village.
Market overview
Demographics & Economy
Pewamo, MI has 1,535 residents in 503 households. Density runs 49 people per square mile. Median household income here is $86,250 and median gross rent $775 a month.
1,535
Population
503
Households
3.1
Avg Household Size
38
Median Age
29%
College-Educated
96%
High-School Grad
31.2 sq mi
ZIP Area
49
Density / Sq Mi
$86,250
Median Household Income
$46,548
Median Earnings
$775
Median Rent
$198,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Fowler | — | — |
| Muir | — | — |
| Westphalia | — | — |
| Hubbardston | — | — |
Frequently Asked Questions
Where does Realmo's Pewamo market data come from?
Realmo compiles Pewamo, MI figures from 2 recent recorded sales, 1 active sale listings, 75 tracked off-market properties, the current Pewamo zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Pewamo, 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: 651 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
