Commercial Real Estate Market in Watervliet, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
8 active listings and 290 off-market properties in Watervliet, MI.
Market Trends
Watervliet, MI spans 32.6 square miles in Berrien County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Watervliet, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Watervliet, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Watervliet, 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 Watervliet, 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 44.7%
- Commercial 22.1%
- Civic 19.7%
- Industrial 8.1%
- Planned_development 5.4%
Largest Zones share of zoned land by district
Watervliet, MI zones 786 acres across 9 districts. Commercial zoning covers 22.1% of zoned land, residential 44.7% and industrial 8.1%. The largest single district is Residential at 44%. For commercial buyers the practical constraint is that only 30.2% of land carries a commercial or industrial designation.
The R-1 district is established to provide low density areas in which the principle use of land is for single-family dwellings on medium sized lots.
Market overview
Demographics & Economy
Watervliet, MI has 5,739 residents in 3,032 households. Density runs 176 people per square mile. Median household income here is $56,899 and median gross rent $1,253 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Coloma | $185 | — |
| Hartford | $32 | — |
| Benton Harbor | $56 | $13.39 |
| Bangor | $160 | — |
Commercial property in Watervliet, MI asks $152/SF. The 4 bordering markets run from $32/SF in Hartford to $185/SF in Coloma, and the city sits above their $108/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Watervliet?
How does Watervliet compare to nearby markets on price?
What zoning applies to commercial property in Watervliet?
Where does Realmo's Watervliet market data come from?
Methodology & data sources
- Asking prices and medians
- There are 6 active for-sale and 2 active for-lease listings in Watervliet, MI. The sale median is based on 4 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: 786 zoned acres across 9 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
