Commercial Real Estate Market in Spring Lake, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
22 active listings and 487 off-market properties in Spring Lake, MI. Commercial property asks $176/SF to buy (based on 5 listings) and $14.00/SF/Yr to lease (based on 6 listings).
Market Trends
Spring Lake, MI spans 25.3 square miles in Ottawa County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Spring Lake, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Spring Lake, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily vacancy in Spring Lake, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Ferrysburg | $143 | — |
| Grand Haven | $201 | $16.00 |
| Fruitport | $126 | — |
| Norton Shores | $86 | $10.00 |
Commercial property in Spring Lake, MI asks $176/SF. The 4 bordering markets run from $86/SF in Norton Shores to $201/SF in Grand Haven, and the city sits above their $134/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Spring Lake?
How much does it cost to lease commercial space in Spring Lake?
How does Spring Lake compare to nearby markets on price?
Where does Realmo's Spring Lake market data come from?
Methodology & data sources
- Asking prices and medians
- There are 14 active for-sale and 8 active for-lease listings in Spring Lake, MI. The medians are based on 5 of the for-sale and 6 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
