Commercial Real Estate Market in Plainwell, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
30 active listings and 662 off-market properties in Plainwell, MI. Commercial property asks $165/SF to buy and $12.50/SF/Yr to lease.
Market Trends
Plainwell, MI spans 77.4 square miles in Allegan County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Plainwell, MI asks $97/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 Plainwell, MI asks $85/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 Plainwell, 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 Plainwell, MI asks $87/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 66.6%
- Industrial 19.6%
- Civic 7.6%
- Commercial 6.3%
Largest Zones share of zoned land by district
Single Family Residential
Single Family Residential
Restricted Manufacturing
Single And Two Family Residential
General Commercial
Plainwell, MI zones 1,036 acres across 12 districts. Commercial zoning covers 6.3% of zoned land, residential 66.6% and industrial 19.6%. The largest single district is Single Family Residential at 24.7%. For commercial buyers the practical constraint is that only 25.9% of land carries a commercial or industrial designation.
Single Family Residential (R-1B)
ATIONS CHAPTER 52: SIGNS CHAPTER 53: ZONING PREAMBLE ARTICLE I. TITLE Sec. 53-1. SHORT TITLE. ARTICLE II. DEFINITIONS Sec. 53-2. USAGE. Sec. 53-3. TERMS AND WORDS DEFINED. ARTICLE III. MAPPED DISTRICTS ARTICLE IV. R-1A, R-1B, SINGLE-FAMILY RESIDENCE DISTRICT ARTICLE V. R-1C, SINGLE- AND TWO-FAMILY RESIDENCE DISTRICT ARTICLE VI. R-2, MULTIPLE-FAMILY RESIDENCE…
Market overview
Demographics & Economy
Plainwell, MI has 15,994 residents in 6,582 households. Density runs 207 people per square mile. Median household income here is $75,250 and median gross rent $982 a month.
15,994
Population
6,582
Households
2.4
Avg Household Size
42
Median Age
28%
College-Educated
94%
High-School Grad
77.4 sq mi
ZIP Area
207
Density / Sq Mi
$75,250
Median Household Income
$42,775
Median Earnings
$982
Median Rent
$234,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Otsego | — | $13.80 |
| Martin | — | — |
| Parchment | — | — |
| Kendall | — | — |
Commercial property in Plainwell, MI asks $165/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Plainwell?
Commercial property in Plainwell, MI asks an average of $165 per square foot. Office carries the highest asking price at $97/SF.
How much does it cost to lease commercial space in Plainwell?
Asking lease rates in Plainwell, MI average $12.50 per square foot per year.
What zoning applies to commercial property in Plainwell?
Plainwell, MI zones 1,036 acres across 12 districts, of which 6.3% is commercial and 19.6% industrial. The largest single district is Single Family Residential at 24.7% of zoned land. ATIONS CHAPTER 52: SIGNS CHAPTER 53: ZONING PREAMBLE ARTICLE I. TITLE Sec. 53-1. SHORT TITLE. ARTICLE II. DEFINITIONS Sec. 53-2. USAGE. Sec. 53-3. TERMS AND WORDS DEFINED. ARTICLE III. MAPPED DISTRICTS ARTICLE IV. R-1A, R-1B, SINGLE-FAMILY RESIDENCE DISTRICT ARTICLE V. R-1C, SINGLE- AND TWO-FAMILY RESIDENCE DISTRICT ARTICLE VI. R-2, MULTIPLE-FAMILY RESIDENCE… Residential zoning covers 66.6% and open space 0%.
Where does Realmo's Plainwell market data come from?
Realmo compiles Plainwell, MI figures from 2 recent recorded sales, 27 active sale listings, 3 active lease listings, 662 tracked off-market properties, the current Plainwell zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 27 active for-sale and 3 active for-lease listings in Plainwell, 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: 1,036 zoned acres across 12 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
