Commercial Real Estate Market in Ravenna, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 217 off-market properties in Ravenna, MI.
Market Trends
Ravenna, MI spans 83.6 square miles in Muskegon County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Ravenna, MI asks $115/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 Ravenna, MI asks $92/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 Ravenna, 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 Ravenna, MI asks $239/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 81.4%
- Commercial 10.9%
- Industrial 2.3%
Largest Zones share of zoned land by district
Single And Two Family Residential District
High Density Multiple Family Residential
Community Business District
Natural Resources District
Single Family Residential District
Ravenna, MI zones 774 acres across 11 districts. Commercial zoning covers 10.9% of zoned land, residential 81.4% and industrial 2.3%. The largest single district is Single And Two Family Residential District at 61.8%. For commercial buyers the practical constraint is that only 13.2% of land carries a commercial or industrial designation.
Single And Two Family Residential District (R2)
This district provides for single family detached dwellings and two family dwellings, located on smaller lots than in the R-1 District, but still providing for adequate light and air and yard areas, and protection from adverse or incompatible land uses.
Market overview
Demographics & Economy
Ravenna, MI has 6,091 residents in 2,433 households. Density runs 73 people per square mile. Median household income here is $67,383 and median gross rent $951 a month.
6,091
Population
2,433
Households
2.5
Avg Household Size
39
Median Age
20%
College-Educated
94%
High-School Grad
83.6 sq mi
ZIP Area
73
Density / Sq Mi
$67,383
Median Household Income
$40,266
Median Earnings
$951
Median Rent
$197,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Conklin | — | — |
| Casnovia | — | — |
| Coppersville | — | — |
| Coopersville | — | $10.97 |
Commercial property in Ravenna, MI asks $3/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Ravenna?
Commercial property in Ravenna, MI asks an average of $3 per square foot. Multifamily carries the highest asking price at $239/SF.
What zoning applies to commercial property in Ravenna?
Ravenna, MI zones 774 acres across 11 districts, of which 10.9% is commercial and 2.3% industrial. The largest single district is Single And Two Family Residential District at 61.8% of zoned land. This district provides for single family detached dwellings and two family dwellings, located on smaller lots than in the R-1 District, but still providing for adequate light and air and yard areas, and protection from adverse or incompatible land uses. Residential zoning covers 81.4% and open space 0%.
Where does Realmo's Ravenna market data come from?
Realmo compiles Ravenna, MI figures from 3 recent recorded sales, 4 active sale listings, 217 tracked off-market properties, the current Ravenna 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 Ravenna, 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: 774 zoned acres across 11 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
