Commercial Real Estate Market in Michigan City, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
139 active listings and 1,858 off-market properties in Michigan City, IN. Commercial property asks $21/SF to buy and $14.32/SF/Yr to lease.
Market Trends
Michigan City, IN spans 76.6 square miles in LaPorte County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Michigan City, IN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Michigan City, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Michigan City, IN 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 Michigan City, IN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Michigan City, IN has 44,209 residents in 21,652 households. Density runs 577 people per square mile. Median household income here is $59,641 and median gross rent $924 a month.
44,209
Population
21,652
Households
2
Avg Household Size
42
Median Age
23%
College-Educated
90%
High-School Grad
76.6 sq mi
ZIP Area
577
Density / Sq Mi
$59,641
Median Household Income
$36,738
Median Earnings
$924
Median Rent
$155,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Pottawattamie Park | — | — |
| Trail Creek | — | — |
| Michiana Shores | — | — |
| Long Beach | — | — |
Commercial property in Michigan City, IN asks $21/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Michigan City?
Commercial property in Michigan City, IN asks an average of $21 per square foot.
How much does it cost to lease commercial space in Michigan City?
Asking lease rates in Michigan City, IN average $14.32 per square foot per year.
Where does Realmo's Michigan City market data come from?
Realmo compiles Michigan City, IN figures from 122 active sale listings, 17 active lease listings, 1,858 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 122 active for-sale and 17 active for-lease listings in Michigan City, IN. 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.
- 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
