Commercial Real Estate Market in Benzonia, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
26 active listings and 168 off-market properties in Benzonia, MI.
Market Trends
Benzonia, MI spans 36.2 square miles in Benzie County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Benzonia, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Benzonia, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Benzonia, 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 Benzonia, 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 75.1%
- Commercial 17.9%
- Mixed use 2.2%
Largest Zones share of zoned land by district
Single Family Residential
Commercial
Village Residential
Other
Village Mixed Use
Benzonia, MI zones 720 acres across 5 districts. Commercial zoning covers 17.9% of zoned land, residential 75.1%. The largest single district is Single Family Residential at 66.6%. For commercial buyers the practical constraint is that only 17.9% of land carries a commercial or industrial designation.
Single Family Residential (R-1)
It is the intent of the R-1 District to establish and preserve a quiet neighborhood with a mixture of residences, including single family residences on individual lots, two family or multi-family residents, mobile homes, and mobile home parks.
Market overview
Demographics & Economy
Benzonia, MI has 2,068 residents in 1,096 households. Density runs 57 people per square mile. Median household income here is $49,224 and median gross rent $594 a month.
2,068
Population
1,096
Households
1.9
Avg Household Size
48
Median Age
26%
College-Educated
95%
High-School Grad
36.2 sq mi
ZIP Area
57
Density / Sq Mi
$49,224
Median Household Income
$30,846
Median Earnings
$594
Median Rent
$204,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Beulah | — | — |
| Honor | — | — |
| Elberta | — | — |
| Frankfort | — | — |
Commercial property in Benzonia, MI asks $285/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Benzonia?
Commercial property in Benzonia, MI asks an average of $285 per square foot.
What zoning applies to commercial property in Benzonia?
Benzonia, MI zones 720 acres across 5 districts, of which 17.9% is commercial and 0% industrial. The largest single district is Single Family Residential at 66.6% of zoned land. It is the intent of the R-1 District to establish and preserve a quiet neighborhood with a mixture of residences, including single family residences on individual lots, two family or multi-family residents, mobile homes, and mobile home parks. Residential zoning covers 75.1% and open space 0%.
Where does Realmo's Benzonia market data come from?
Realmo compiles Benzonia, MI figures from 26 active sale listings, 168 tracked off-market properties, the current Benzonia zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 26 active for-sale and 0 active for-lease listings in Benzonia, 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: 720 zoned acres across 5 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
