Commercial Real Estate Market in Romeo, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
17 active listings and 321 off-market properties in Romeo, MI. Commercial property asks $20/SF to buy and $12.08/SF/Yr to lease.
Market Trends
Romeo, MI spans 37.4 square miles in Macomb County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Romeo, MI asks $141/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 Romeo, MI asks $121/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 Romeo, 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 Romeo, MI asks $131/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
- Industrial 50.2%
- Residential 45%
- Commercial 3%
Largest Zones share of zoned land by district
Industrial
Single Family Residential
Central Business
Office
Multiple Family Residential
Romeo, MI zones 2,360 acres across 7 districts. Commercial zoning covers 3% of zoned land, residential 45% and industrial 50.2%. The largest single district is Industrial at 50.2%. For commercial buyers the practical constraint is that only 53.2% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Romeo, MI has 11,228 residents in 4,672 households. Density runs 300 people per square mile. Median household income here is $104,348 and median gross rent $1,047 a month.
11,228
Population
4,672
Households
2.4
Avg Household Size
44
Median Age
34%
College-Educated
91%
High-School Grad
37.4 sq mi
ZIP Area
300
Density / Sq Mi
$104,348
Median Household Income
$47,892
Median Earnings
$1,047
Median Rent
$341,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bruce Township | — | — |
| Bruce | — | — |
| Washington Township | — | — |
| Armada Township | — | — |
Commercial property in Romeo, MI asks $20/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Romeo?
Commercial property in Romeo, MI asks an average of $20 per square foot. Office carries the highest asking price at $141/SF.
How much does it cost to lease commercial space in Romeo?
Asking lease rates in Romeo, MI average $12.08 per square foot per year.
What zoning applies to commercial property in Romeo?
Romeo, MI zones 2,360 acres across 7 districts, of which 3% is commercial and 50.2% industrial. The largest single district is Industrial at 50.2% of zoned land. Residential zoning covers 45% and open space 0%.
Where does Realmo's Romeo market data come from?
Realmo compiles Romeo, MI figures from 6 recent recorded sales, 11 active sale listings, 6 active lease listings, 321 tracked off-market properties, the current Romeo zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 11 active for-sale and 6 active for-lease listings in Romeo, 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: 2,360 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
