Commercial Real Estate Market in Milan, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
6 active listings and 254 off-market properties in Milan, OH.
Market Trends
Milan, OH spans 22.3 square miles in Erie County, Ohio. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Milan, OH runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Milan, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Milan, OH 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 Milan, OH 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 93.7%
- Commercial 3.3%
- Industrial 3%
Largest Zones share of zoned land by district
Milan, OH zones 747 acres across 6 districts. Commercial zoning covers 3.3% of zoned land, residential 93.7% and industrial 3%. The largest single district is Residential at 74.9%. For commercial buyers the practical constraint is that only 6.3% of land carries a commercial or industrial designation.
The R-1 Residential District is established to accommodate a population density of approximately three and one half dwelling units per acre. All public utilities and facilities shall be planned and designed to serve adequately the above population density
Market overview
Demographics & Economy
Milan, OH has 3,322 residents in 1,334 households. Density runs 149 people per square mile. Median household income here is $97,109 and median gross rent $963 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Norwalk | $68 | — |
| Sandusky | $83 | $17.00 |
| Bellevue | $83 | — |
Commercial property in Milan, OH asks $95/SF. The 3 bordering markets run from $68/SF in Norwalk to $83/SF in Bellevue, and the city sits above their $83/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Milan?
How does Milan compare to nearby markets on price?
What zoning applies to commercial property in Milan?
Where does Realmo's Milan market data come from?
Methodology & data sources
- Asking prices and medians
- There are 6 active for-sale and 0 active for-lease listings in Milan, OH. 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: 747 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 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 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 October 2026 · How Realmo checks market page data · Report a data issue
