Commercial Real Estate Market in Saugatuck, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
63 active listings and 421 off-market properties in Saugatuck, MI. Commercial property asks $165/SF to buy and $27.33/SF/Yr to lease.
Market Trends
Saugatuck, MI spans 10.4 square miles in Allegan County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Saugatuck, MI asks $97/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 Saugatuck, MI asks $85/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 Saugatuck, 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 Saugatuck, MI asks $87/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 67.3%
- Open space 10.1%
- Commercial 2.9%
- Mixed use 1.1%
Largest Zones share of zoned land by district
Conservation Recreation Camp R1
Community Residential R1
Water
Peninsula West R1
Maple Street R1
Saugatuck, MI zones 1,101 acres across 21 districts. Commercial zoning covers 2.9% of zoned land, residential 67.3% and open space 10.1%. The largest single district is Conservation Recreation Camp R1 at 36.5%. For commercial buyers the practical constraint is that only 2.9% of land carries a commercial or industrial designation.
Conservation Recreation Camp R1 (CRC/R1)
This district is designed to maximize preservation of the existing environment by providing for a private recreation camp and low density residential uses.
Market overview
Demographics & Economy
Saugatuck, MI has 2,950 residents in 2,113 households. Density runs 284 people per square mile. Median household income here is $101,250 and median gross rent $766 a month.
2,950
Population
2,113
Households
1.4
Avg Household Size
53
Median Age
52%
College-Educated
98%
High-School Grad
10.4 sq mi
ZIP Area
284
Density / Sq Mi
$101,250
Median Household Income
$49,970
Median Earnings
$766
Median Rent
$487,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Douglas | — | $13.13 |
| Fennville | — | — |
| Hamilton | — | $11.56 |
| Macatawa | — | — |
Commercial property in Saugatuck, MI asks $165/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Saugatuck?
Commercial property in Saugatuck, MI asks an average of $165 per square foot. The 5 most recent recorded sales traded at a median of $156/SF, so asking sits 6% above the achieved median. Office carries the highest asking price at $97/SF.
How much does it cost to lease commercial space in Saugatuck?
Asking lease rates in Saugatuck, MI average $27.33 per square foot per year.
What zoning applies to commercial property in Saugatuck?
Saugatuck, MI zones 1,101 acres across 21 districts, of which 2.9% is commercial and 0% industrial. The largest single district is Conservation Recreation Camp R1 at 36.5% of zoned land. This district is designed to maximize preservation of the existing environment by providing for a private recreation camp and low density residential uses. Residential zoning covers 67.3% and open space 10.1%.
Where does Realmo's Saugatuck market data come from?
Realmo compiles Saugatuck, MI figures from 5 recent recorded sales, 60 active sale listings, 3 active lease listings, 421 tracked off-market properties, the current Saugatuck zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 60 active for-sale and 3 active for-lease listings in Saugatuck, 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: 1,101 zoned acres across 21 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
