Commercial Real Estate Market in Cadillac, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
92 active listings and 1,453 off-market properties in Cadillac, MI. Commercial property asks $86/SF to buy and $10.62/SF/Yr to lease.
Market Trends
Cadillac, MI spans 220.0 square miles in Wexford County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Cadillac, MI has a median asking sale price of $135/SF (based on 7 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Cadillac, MI has a median asking sale price of $82/SF. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial space in Cadillac, MI has a median asking sale price of $76/SF (based on 5 listings). Vacancy 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 space in Cadillac, MI has a median asking sale price of $108/SF (based on 9 listings). Vacancy 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 49.7%
- Industrial 22.7%
- Open space 8.8%
- Planned_development 8.4%
- Commercial 4.3%
Largest Zones share of zoned land by district
Cadillac, MI zones 4,600 acres across 29 districts. Commercial zoning covers 4.3% of zoned land, residential 49.7%, open space 8.8% and industrial 22.7%. The largest single district is Light Industrial District at 19.3%. For commercial buyers the practical constraint is that only 27% of land carries a commercial or industrial designation.
The Public Open Space District (POS) has been established to recognize public lands which accommodate a range of recreational opportunities, offer habitat for wildlife and plant species, provide access to and vistas of Lake Cadillac and Lake Mitchell, and foster a desirable environment for the general health, welfare and enjoyment of the citizens and guests…
Market overview
Demographics & Economy
Cadillac, MI has 21,564 residents in 10,734 households. Density runs 98 people per square mile. Median household income here is $65,704 and median gross rent $856 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Cadillac?
How much does it cost to lease commercial space in Cadillac?
What zoning applies to commercial property in Cadillac?
Where does Realmo's Cadillac market data come from?
Methodology & data sources
- Asking prices and medians
- There are 59 active for-sale and 33 active for-lease listings in Cadillac, MI. The medians are based on 36 of the for-sale and 23 of the for-lease listings, those that state a price or rent per square foot. 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: 4,600 zoned acres across 29 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
