Commercial Real Estate Market in Richland, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
32 active listings and 281 off-market properties in Richland, MI.
Market Trends
Richland, MI spans 33.4 square miles in Kalamazoo County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Richland, 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 Richland, 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 Richland, 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 Richland, 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 92%
- Commercial 8%
Largest Zones share of zoned land by district
Residential Single Family
Residential Single And Two Family
Commercial And Local
Office And Restricted
Residential Multiple Family
Richland, MI zones 591 acres across 7 districts. Commercial zoning covers 8% of zoned land, residential 92%. The largest single district is Residential Single Family at 59.9%. For commercial buyers the practical constraint is that only 8% of land carries a commercial or industrial designation.
Residential Single Family (R-1)
R-1 Residential, Single-Family R-2 Residential, Single- and Two-Family R-3 Residential, Multiple Family R-4 Residential, Mobile Home Park O-1 Office, Restricted O-2 Office, General C-1 Commercial, Local C-2 Commercial, General I-1 Industrial, Restricted I-2 Industrial, General Designated lots and parcels shall also be subject to the standards and regulations…
Market overview
Demographics & Economy
Richland, MI has 8,022 residents in 3,255 households. Density runs 240 people per square mile. Median household income here is $111,604 and median gross rent $973 a month.
8,022
Population
3,255
Households
2.5
Avg Household Size
43
Median Age
49%
College-Educated
98%
High-School Grad
33.4 sq mi
ZIP Area
240
Density / Sq Mi
$111,604
Median Household Income
$60,337
Median Earnings
$973
Median Rent
$329,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Nazareth | — | — |
| Augusta | — | — |
| Hickory Corners | — | — |
| Galesburg | — | $8.98 |
Frequently Asked Questions
What zoning applies to commercial property in Richland?
Richland, MI zones 591 acres across 7 districts, of which 8% is commercial and 0% industrial. The largest single district is Residential Single Family at 59.9% of zoned land. R-1 Residential, Single-Family R-2 Residential, Single- and Two-Family R-3 Residential, Multiple Family R-4 Residential, Mobile Home Park O-1 Office, Restricted O-2 Office, General C-1 Commercial, Local C-2 Commercial, General I-1 Industrial, Restricted I-2 Industrial, General Designated lots and parcels shall also be subject to the standards and regulations… Residential zoning covers 92% and open space 0%.
Where does Realmo's Richland market data come from?
Realmo compiles Richland, MI figures from 32 active sale listings, 281 tracked off-market properties, the current Richland zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 32 active for-sale and 0 active for-lease listings in Richland, 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: 591 zoned acres across 7 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
