Commercial Real Estate Market in Vanderbilt, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
18 active listings and 100 off-market properties in Vanderbilt, MI.
Market Trends
Vanderbilt, MI spans 133.9 square miles in Otsego County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Vanderbilt, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Vanderbilt, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Vanderbilt, 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 vacancy in Vanderbilt, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Agricultural 38.3%
- Residential 33%
- Commercial 20.4%
- Industrial 8.4%
Largest Zones share of zoned land by district
Agriculture
Single And Two Family Residential
Highway Business
Industrial
Multiple Family
Agriculture (A-1)
This district is intended to preserve, enhance, and stabilize existing areas within the Village which are presently used predominately for general farming and areas which, because of various physical characteristics, should be conserved for agricultural use. In addition, premature urban development within rural areas can result in increased public costs beca…
Market overview
Demographics & Economy
Vanderbilt, MI has 2,087 residents in 1,197 households. Density runs 16 people per square mile. Median household income here is $57,367 and median gross rent $918 a month.
2,087
Population
1,197
Households
1.7
Avg Household Size
46
Median Age
13%
College-Educated
86%
High-School Grad
133.9 sq mi
ZIP Area
16
Density / Sq Mi
$57,367
Median Household Income
$37,589
Median Earnings
$918
Median Rent
$162,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Wolverine | — | — |
| Gaylord | — | $82.33 |
| Boyne Falls | — | — |
| Elmira | — | — |
Commercial property in Vanderbilt, MI asks $12/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Vanderbilt?
Commercial property in Vanderbilt, MI asks an average of $12 per square foot.
Where does Realmo's Vanderbilt market data come from?
Realmo compiles Vanderbilt, MI figures from 6 recent recorded sales, 18 active sale listings, 100 tracked off-market properties, the current Vanderbilt zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 18 active for-sale and 0 active for-lease listings in Vanderbilt, 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: 699 zoned acres across 6 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
