Commercial Real Estate Market in Watervliet, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
39 active listings and 290 off-market properties in Watervliet, MI. Commercial property asks $47/SF to buy and $9.00/SF/Yr to lease.
Market Trends
Watervliet, MI spans 32.6 square miles in Berrien County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Watervliet, MI asks $131/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 Watervliet, MI asks $104/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 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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Watervliet, 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 44.7%
- Commercial 22.1%
- Civic 19.7%
- Industrial 8.1%
- Planned_development 5.4%
Largest Zones share of zoned land by district
Residential
Parks Schools Recreation
Commercial
Limited Industrial
Office And Technical
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.
Residential (R-1)
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.
5,739
Population
3,032
Households
1.9
Avg Household Size
44
Median Age
21%
College-Educated
88%
High-School Grad
32.6 sq mi
ZIP Area
176
Density / Sq Mi
$56,899
Median Household Income
$30,278
Median Earnings
$1,253
Median Rent
$150,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Coloma | — | — |
| Hartford | — | — |
| Riverside | — | — |
| Covert | — | — |
Commercial property in Watervliet, MI asks $47/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Watervliet?
Commercial property in Watervliet, MI asks an average of $47 per square foot. The 3 most recent recorded sales traded at a median of $64/SF. Office carries the highest asking price at $131/SF.
How much does it cost to lease commercial space in Watervliet?
Asking lease rates in Watervliet, MI average $9.00 per square foot per year.
What zoning applies to commercial property in Watervliet?
Watervliet, MI zones 786 acres across 9 districts, of which 22.1% is commercial and 8.1% industrial. The largest single district is Residential at 44% of zoned land. 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. Residential zoning covers 44.7% and open space 0%.
Where does Realmo's Watervliet market data come from?
Realmo compiles Watervliet, MI figures from 6 recent recorded sales, 37 active sale listings, 2 active lease listings, 290 tracked off-market properties, the current Watervliet zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 37 active for-sale and 2 active for-lease listings in Watervliet, 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: 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 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
