Commercial Real Estate Market in Springfield, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
28 active listings and 506 off-market properties in Springfield, MI.
Market Trends
Springfield, MI spans 46.5 square miles in Calhoun County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Springfield, MI has a median asking sale price of $134/SF (based on 3 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Springfield, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Springfield, 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 Springfield, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 53.5%
- Industrial 35.9%
- Commercial 7.7%
- Mixed use 2.8%
Largest Zones share of zoned land by district
Springfield, MI zones 1,936 acres across 10 districts. Commercial zoning covers 7.7% of zoned land, residential 53.5% and industrial 35.9%. The largest single district is Industrial And Research And Technology at 35.9%. For commercial buyers the practical constraint is that only 43.6% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Springfield, MI has 49,435 residents in 22,493 households. Density runs 1,063 people per square mile. Median household income here is $56,831 and median gross rent $921 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Springfield?
What zoning applies to commercial property in Springfield?
Where does Realmo's Springfield market data come from?
Methodology & data sources
- Asking prices and medians
- There are 13 active for-sale and 15 active for-lease listings in Springfield, MI. The sale median is based on 6 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. 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.
- Zoning and land use
- The current municipal zoning release: 1,936 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 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
