Commercial Real Estate Market in Spring Lake, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
78 active listings and 487 off-market properties in Spring Lake, MI. Commercial property asks $132/SF to buy and $12.64/SF/Yr to lease.
Market Trends
Spring Lake, MI spans 25.3 square miles in Ottawa County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Spring Lake, MI asks $139/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 Spring Lake, MI asks $212/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 Spring Lake, 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 Spring Lake, MI asks $264/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
Spring Lake, MI has 19,727 residents in 9,776 households. Density runs 779 people per square mile. Median household income here is $85,807 and median gross rent $1,184 a month.
19,727
Population
9,776
Households
2
Avg Household Size
45
Median Age
47%
College-Educated
98%
High-School Grad
25.3 sq mi
ZIP Area
779
Density / Sq Mi
$85,807
Median Household Income
$50,887
Median Earnings
$1,184
Median Rent
$294,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ferrysburg | — | — |
| Grand Haven | — | $14.50 |
| Fruitport | — | — |
| Norton Shores | — | $25.14 |
Commercial property in Spring Lake, MI asks $132/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Spring Lake?
Commercial property in Spring Lake, MI asks an average of $132 per square foot. Multifamily carries the highest asking price at $264/SF.
How much does it cost to lease commercial space in Spring Lake?
Asking lease rates in Spring Lake, MI average $12.64 per square foot per year.
Where does Realmo's Spring Lake market data come from?
Realmo compiles Spring Lake, MI figures from 2 recent recorded sales, 71 active sale listings, 7 active lease listings, 487 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 71 active for-sale and 7 active for-lease listings in Spring Lake, 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
