Commercial Real Estate Market in Walker, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
7 active listings and 1 off-market property in Walker, MI.
Market Trends
Walker, MI spans 55.2 square miles in Kent County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Walker, MI asks $147/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 Walker, MI asks $206/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 Walker, 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 Walker, MI asks $162/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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 45.2%
- Industrial 30.9%
- Planned_development 15.1%
- Commercial 6.2%
- Agricultural 2.2%
- Open space 0.2%
Largest Zones share of zoned land by district
Industrial Park
Suburban Residential
Heavy Industrial
Single Family Residential
High Density Planned Unit Development
Walker, MI zones 3,547 acres across 23 districts. Commercial zoning covers 6.2% of zoned land, residential 45.2%, open space 0.2% and industrial 30.9%. The largest single district is Industrial Park at 25.6%. For commercial buyers the practical constraint is that only 37.1% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Walker, MI has 33,510 residents in 13,908 households. Density runs 608 people per square mile. Median household income here is $76,251 and median gross rent $1,149 a month.
33,510
Population
13,908
Households
2.4
Avg Household Size
37
Median Age
34%
College-Educated
95%
High-School Grad
55.2 sq mi
ZIP Area
608
Density / Sq Mi
$76,251
Median Household Income
$44,065
Median Earnings
$1,149
Median Rent
$263,755
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Marne | — | — |
| Comstock Park | — | $14.68 |
| Grandville | — | $15.39 |
| Lamont | — | — |
Commercial property in Walker, MI asks $93/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Walker?
Commercial property in Walker, MI asks an average of $93 per square foot. Retail carries the highest asking price at $206/SF.
What zoning applies to commercial property in Walker?
Walker, MI zones 3,547 acres across 23 districts, of which 6.2% is commercial and 30.9% industrial. The largest single district is Industrial Park at 25.6% of zoned land. Residential zoning covers 45.2% and open space 0.2%.
Where does Realmo's Walker market data come from?
Realmo compiles Walker, MI figures from 7 active sale listings, 1 tracked off-market properties, the current Walker zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 7 active for-sale and 0 active for-lease listings in Walker, 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: 3,547 zoned acres across 23 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
