Commercial Real Estate Market in Schoolcraft, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
40 active listings and 303 off-market properties in Schoolcraft, MI. Commercial property asks $52/SF to buy and $14.93/SF/Yr to lease.
Market Trends
Schoolcraft, MI spans 62.5 square miles in Kalamazoo County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Schoolcraft, MI asks $113/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 Schoolcraft, MI asks $135/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 Schoolcraft, 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 Schoolcraft, MI asks $80/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 64.3%
- Industrial 19.8%
- Commercial 9.9%
- Civic 6%
Largest Zones share of zoned land by district
Single Family Residential District
Single Family Residential District
General Industrial District
Light Industrial District
Single And Two Family Residential District
Schoolcraft, MI zones 617 acres across 10 districts. Commercial zoning covers 9.9% of zoned land, residential 64.3% and industrial 19.8%. The largest single district is Single Family Residential District at 46.7%. For commercial buyers the practical constraint is that only 29.7% of land carries a commercial or industrial designation.
Single Family Residential District (RA)
These zoning districts are intended to preserve and promote the character of low density single-family neighborhoods.
Market overview
Demographics & Economy
Schoolcraft, MI has 6,403 residents in 2,474 households. Density runs 102 people per square mile. Median household income here is $94,556 and median gross rent $968 a month.
6,403
Population
2,474
Households
2.6
Avg Household Size
42
Median Age
43%
College-Educated
98%
High-School Grad
62.5 sq mi
ZIP Area
102
Density / Sq Mi
$94,556
Median Household Income
$54,172
Median Earnings
$968
Median Rent
$279,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Vicksburg | — | — |
| Portage | — | $19.28 |
| Three Rivers | — | $9.67 |
| Mattawan | — | $15.33 |
Commercial property in Schoolcraft, MI asks $52/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Schoolcraft?
Commercial property in Schoolcraft, MI asks an average of $52 per square foot. Retail carries the highest asking price at $135/SF.
How much does it cost to lease commercial space in Schoolcraft?
Asking lease rates in Schoolcraft, MI average $14.93 per square foot per year.
What zoning applies to commercial property in Schoolcraft?
Schoolcraft, MI zones 617 acres across 10 districts, of which 9.9% is commercial and 19.8% industrial. The largest single district is Single Family Residential District at 46.7% of zoned land. These zoning districts are intended to preserve and promote the character of low density single-family neighborhoods. Residential zoning covers 64.3% and open space 0%.
Where does Realmo's Schoolcraft market data come from?
Realmo compiles Schoolcraft, MI figures from 5 recent recorded sales, 26 active sale listings, 14 active lease listings, 303 tracked off-market properties, the current Schoolcraft zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 26 active for-sale and 14 active for-lease listings in Schoolcraft, 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: 617 zoned acres across 10 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
