Commercial Real Estate Market in Sylvan Lake, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
7 active listings and 93 off-market properties in Sylvan Lake, MI. Commercial property asks $130/SF to buy and $13.00/SF/Yr to lease.
Market Trends
Sylvan Lake, MI spans 1.1 square miles in Oakland County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Sylvan Lake, MI asks $120/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 Sylvan Lake, MI asks $175/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 Sylvan 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 Sylvan Lake, MI asks $159/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
Sylvan Lake, MI has 4,328 residents in 2,269 households. Density runs 3,952 people per square mile. Median household income here is $77,700 and median gross rent $1,153 a month.
4,328
Population
2,269
Households
1.9
Avg Household Size
45
Median Age
48%
College-Educated
98%
High-School Grad
1.1 sq mi
ZIP Area
3,952
Density / Sq Mi
$77,700
Median Household Income
$45,978
Median Earnings
$1,153
Median Rent
$317,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Keego Harbor | — | $14.80 |
| Auburn Hills | — | $13.58 |
| Pontiac | — | $12.73 |
| West Bloomfield | — | $27.98 |
Commercial property in Sylvan Lake, MI asks $130/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Sylvan Lake?
Commercial property in Sylvan Lake, MI asks an average of $130 per square foot. The 3 most recent recorded sales traded at a median of $118/SF, so asking sits 11% above the achieved median. Retail carries the highest asking price at $175/SF.
How much does it cost to lease commercial space in Sylvan Lake?
Asking lease rates in Sylvan Lake, MI average $13.00 per square foot per year.
Where does Realmo's Sylvan Lake market data come from?
Realmo compiles Sylvan Lake, MI figures from 4 recent recorded sales, 2 active sale listings, 5 active lease listings, 93 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 2 active for-sale and 5 active for-lease listings in Sylvan 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
