Commercial Real Estate Market in Saint Louis, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
21 active listings and 249 off-market properties in Saint Louis, MI. Commercial property asks $49/SF to buy and $6.57/SF/Yr to lease.
Market Trends
Saint Louis, MI spans 74.8 square miles in Gratiot County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Saint Louis, MI asks $30/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 Saint Louis, MI asks $37/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 Saint Louis, 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 Saint Louis, MI asks $78/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
Market overview
Demographics & Economy
Saint Louis, MI has 10,495 residents in 2,722 households. Density runs 140 people per square mile. Median household income here is $56,108 and median gross rent $853 a month.
10,495
Population
2,722
Households
3.9
Avg Household Size
39
Median Age
10%
College-Educated
89%
High-School Grad
74.8 sq mi
ZIP Area
140
Density / Sq Mi
$56,108
Median Household Income
$34,556
Median Earnings
$853
Median Rent
$134,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Alma | — | $20.53 |
| Breckenridge | — | — |
| Wheeler | — | — |
| Elwell | — | — |
Commercial property in Saint Louis, MI asks $49/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Saint Louis?
Commercial property in Saint Louis, MI asks an average of $49 per square foot. Multifamily carries the highest asking price at $78/SF.
How much does it cost to lease commercial space in Saint Louis?
Asking lease rates in Saint Louis, MI average $6.57 per square foot per year.
Where does Realmo's Saint Louis market data come from?
Realmo compiles Saint Louis, MI figures from 5 recent recorded sales, 17 active sale listings, 4 active lease listings, 249 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 17 active for-sale and 4 active for-lease listings in Saint Louis, 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.
- 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
