Commercial Real Estate Market in Beulah, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
72 active listings and 171 off-market properties in Beulah, MI. Commercial property asks $221/SF to buy and $22.05/SF/Yr to lease.
Market Trends
Beulah, MI spans 45.4 square miles in Benzie County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Beulah, 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 Beulah, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Beulah, 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 Beulah, 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 66.2%
- Commercial 20.3%
- Open space 13.6%
Largest Zones share of zoned land by district
One Family Residential
Residential Conservation
Public Land
General Commercial
Downtown Commercial
Beulah, MI zones 277 acres across 9 districts. Commercial zoning covers 20.3% of zoned land, residential 66.2% and open space 13.6%. The largest single district is One Family Residential at 38.8%. For commercial buyers the practical constraint is that only 20.3% of land carries a commercial or industrial designation.
One Family Residential (R-1)
It is the intent of this District to provide quiet, safe neighborhoods for detached, single-family dwelling units and their ancillary uses.
Market overview
Demographics & Economy
Beulah, MI has 3,285 residents in 2,684 households. Density runs 72 people per square mile. Median household income here is $66,844 and median gross rent $657 a month.
3,285
Population
2,684
Households
1.2
Avg Household Size
54
Median Age
35%
College-Educated
95%
High-School Grad
45.4 sq mi
ZIP Area
72
Density / Sq Mi
$66,844
Median Household Income
$32,514
Median Earnings
$657
Median Rent
$268,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Benzonia | — | — |
| Honor | — | — |
| Elberta | — | — |
| Frankfort | — | — |
Commercial property in Beulah, MI asks $221/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Beulah?
Commercial property in Beulah, MI asks an average of $221 per square foot.
How much does it cost to lease commercial space in Beulah?
Asking lease rates in Beulah, MI average $22.05 per square foot per year.
What zoning applies to commercial property in Beulah?
Beulah, MI zones 277 acres across 9 districts, of which 20.3% is commercial and 0% industrial. The largest single district is One Family Residential at 38.8% of zoned land. It is the intent of this District to provide quiet, safe neighborhoods for detached, single-family dwelling units and their ancillary uses. Residential zoning covers 66.2% and open space 13.6%.
Where does Realmo's Beulah market data come from?
Realmo compiles Beulah, MI figures from 71 active sale listings, 1 active lease listings, 171 tracked off-market properties, the current Beulah zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 71 active for-sale and 1 active for-lease listings in Beulah, 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: 277 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
