Commercial Real Estate Market in Saginaw, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
224 active listings and 6,063 off-market properties in Saginaw, MI. Commercial property asks $71/SF to buy and $13.00/SF/Yr to lease.
Market Trends
Saginaw, MI spans 209.0 square miles in Saginaw County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Saginaw, MI has a median asking sale price of $75/SF. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Saginaw, MI has a median asking sale price of $93/SF (based on 9 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial space in Saginaw, MI has a median asking sale price of $73/SF (based on 4 listings). Vacancy runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Multifamily
Multifamily space in Saginaw, MI has a median asking sale price of $52/SF. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 44.9%
- Industrial 16.9%
- Mixed use 14.8%
- Open space 14.4%
- Civic 6.4%
- Commercial 2.6%
Largest Zones share of zoned land by district
Saginaw, MI zones 8,499 acres across 13 districts. Commercial zoning covers 2.6% of zoned land, residential 44.9%, open space 14.4% and industrial 16.9%. The largest single district is Low Density Residential at 33.5%. For commercial buyers the practical constraint is that only 19.5% of land carries a commercial or industrial designation.
R-1 Low-Density Residential district is established as a district in which the principal use of land is for single-family dwellings. Additional uses permitted include public and institutional uses that are complementary to the residential character of the district. View in Zoning Ordinance R-2 Medium Density Residential The R-2 Medium Density Residential dis…
Market overview
Demographics & Economy
Saginaw, MI has 126,393 residents in 59,333 households. Density runs 605 people per square mile. Median household income here is $53,862 and median gross rent $919 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Freeland | $121 | $15.00 |
| Bay City | $117 | $12.00 |
Commercial property in Saginaw, MI asks $71/SF. The 2 bordering markets run from $117/SF in Bay City to $121/SF in Freeland, and the city sits below their $119/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Saginaw?
How much does it cost to lease commercial space in Saginaw?
How does Saginaw compare to nearby markets on price?
What zoning applies to commercial property in Saginaw?
Where does Realmo's Saginaw market data come from?
Methodology & data sources
- Asking prices and medians
- There are 143 active for-sale and 81 active for-lease listings in Saginaw, MI. The medians are based on 62 of the for-sale and 18 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 8,499 zoned acres across 13 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
