Okemos, MI
Commercial Real Estate Market Trends & Data

$105 Avg asking sale price
$17 Avg asking lease rate
4,206 SF Avg unit lease size
24,787 SF Avg building size for sale

Okemos's Demographic Profile

Okemos has 9,901 households and a median income of $90,586, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 24,801
# Households 9,901
Median age 35
Median household income $90,586
Avg household size 2.0
Renter-occupied housing units 4,031
5-year population change -1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Okemos, MI

↻ Updated Monthly

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Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Lansing $101 90,208 SF 11.07%
Holt $89 33,389 SF 7.00%
Nearby Retail Markets Avg Cost/SF Typical Size
East Lansing $126 30,044 SF
Williamston $231 1,080 SF
Lansing $120 12,940 SF
Holt $125 8,096 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Williamston $75 6,300 SF 8.49%
Lansing $100 18,095 SF 14.10%
Jackson $70 210,800 SF 8.22%

Commercial Properties For Sale in Okemos

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Building 5

East Lansing, MI 48823

  • 22,080 SF Office Building
  • $1,795,000
For Sale

4917 Dawn Ave

East Lansing, MI 48823

  • 90,587 SF Industrial Building
  • $4,500,000
For Sale

1522-1530 Haslett Rd

Haslett, MI 48840

  • 1.50 AC Lot
  • 1 Commercial Lot
  • $221,000
For Sale

1005 Albert Ave

East Lansing, MI 48823

  • 1,446 SF Specialty
  • Price Upon Request
For Sale

Vacant Land

East Lansing, MI 48823

  • 5.86 AC Lot
  • 1 Commercial Lot
  • Price Upon Request
For Sale

Times Square Dr

Okemos, MI 48864

  • 4 AC Lot
  • 1 Commercial Lot
  • Price Upon Request

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Okemos pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Okemos $105 24,787 SF
East Lansing $184 19,782 SF
Haslett $65 38,038 SF
Williamston $108 7,144 SF
Lansing $109 37,839 SF

Regional Demographic Comparison

This comparison places Okemos alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Okemos or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Okemos 24,801 9,901 35 $90,586 2 4,031 -1%
East Lansing 38,437 15,355 27 $38,986 2 9,994 1%
Williamston 3,998 1,643 40 $84,821 2 476 -1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Okemos, MI and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Okemos

View All Commercial Real Estate For Sale in Okemos
Is Okemos a good market for a first-time commercial real estate investor?

Okemos offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Okemos?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Okemos. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Okemos?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Okemos. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Okemos compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Okemos. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Okemos acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Okemos, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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