Commercial Real Estate Market in Saginaw, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
432 active listings and 6,063 off-market properties in Saginaw, MI. Commercial property asks $123/SF to buy and $20.61/SF/Yr to lease.
Market Trends
Saginaw, MI spans 209.0 square miles in Saginaw County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Saginaw, MI asks $63/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 Saginaw, MI asks $52/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 Saginaw, 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 Saginaw, MI asks $68/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 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
Low Density Residential
Open Space
General Industrial
Medium Density Residential
High Density Residential
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.
Low Density Residential (R-1)
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.
126,393
Population
59,333
Households
2.1
Avg Household Size
40
Median Age
22%
College-Educated
89%
High-School Grad
209 sq mi
ZIP Area
605
Density / Sq Mi
$53,862
Median Household Income
$33,500
Median Earnings
$919
Median Rent
$111,237
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Carrollton | — | — |
| Bridgeport | — | — |
| Freeland | — | $15.00 |
| Saint Charles | — | — |
Commercial property in Saginaw, MI asks $123/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Saginaw?
Commercial property in Saginaw, MI asks an average of $123 per square foot. Multifamily carries the highest asking price at $68/SF.
How much does it cost to lease commercial space in Saginaw?
Asking lease rates in Saginaw, MI average $20.61 per square foot per year.
What zoning applies to commercial property in Saginaw?
Saginaw, MI zones 8,499 acres across 13 districts, of which 2.6% is commercial and 16.9% industrial. The largest single district is Low Density Residential at 33.5% of zoned land. 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… Residential zoning covers 44.9% and open space 14.4%.
Where does Realmo's Saginaw market data come from?
Realmo compiles Saginaw, MI figures from 4 recent recorded sales, 344 active sale listings, 88 active lease listings, 6,063 tracked off-market properties, the current Saginaw zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 344 active for-sale and 88 active for-lease listings in Saginaw, 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: 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 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
