Commercial Real Estate Market in Vernon, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 54 off-market properties in Vernon, MI.
Market Trends
Vernon, MI spans 0.7 square miles in Shiawassee County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Vernon, 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 Vernon, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Vernon, 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 Vernon, 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
- Residential 56%
- Agricultural 26.7%
- Industrial 11.4%
- Civic 3.5%
Largest Zones share of zoned land by district
Medium Density Residential
Agricultural
One Family Low Density Residential
Industrial
General Business
Market overview
Demographics & Economy
Vernon, MI has 706 residents in 267 households. Density runs 1,034 people per square mile. Median household income here is $67,857 and median gross rent $1,063 a month.
706
Population
267
Households
2.6
Avg Household Size
42
Median Age
12%
College-Educated
92%
High-School Grad
0.7 sq mi
ZIP Area
1,034
Density / Sq Mi
$67,857
Median Household Income
$38,083
Median Earnings
$1,063
Median Rent
$122,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Durand | — | — |
| Bancroft | — | — |
| Corunna | — | — |
| Lennon | — | — |
Commercial property in Vernon, MI asks $164/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Vernon?
Commercial property in Vernon, MI asks an average of $164 per square foot.
Where does Realmo's Vernon market data come from?
Realmo compiles Vernon, MI figures from 3 recent recorded sales, 5 active sale listings, 54 tracked off-market properties, the current Vernon zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 0 active for-lease listings in Vernon, 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: 449 zoned acres across 7 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
