Commercial Real Estate Market in Calumet, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
16 active listings and 806 off-market properties in Calumet, MI.
Market Trends
Calumet, MI spans 113.5 square miles in Houghton County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Calumet, 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 Calumet, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Calumet, 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 Calumet, 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
- Commercial 54.2%
- Residential 43.6%
- Industrial 2.2%
Largest Zones share of zoned land by district
Village Residential District
Downtown Commercial District
Public Semi Public District
Flexible Residential District
Corridor Commercial District
Calumet, MI zones 128 acres across 6 districts. Commercial zoning covers 54.2% of zoned land, residential 43.6% and industrial 2.2%. The largest single district is Village Residential District at 28%. For commercial buyers the practical constraint is that only 56.4% of land carries a commercial or industrial designation.
Village Residential District (VR)
The Village Residential (VR) District is intended to provide a stable, low- to medium-density environment for residential development.
Market overview
Demographics & Economy
Calumet, MI has 7,452 residents in 4,198 households. Density runs 66 people per square mile. Median household income here is $50,542 and median gross rent $678 a month.
7,452
Population
4,198
Households
1.8
Avg Household Size
43
Median Age
25%
College-Educated
93%
High-School Grad
113.5 sq mi
ZIP Area
66
Density / Sq Mi
$50,542
Median Household Income
$31,644
Median Earnings
$678
Median Rent
$96,387
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Allouez | — | — |
| Copper City | — | — |
| Ahmeek | — | — |
| Hubbell | — | — |
Commercial property in Calumet, MI asks $131/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Calumet?
Commercial property in Calumet, MI asks an average of $131 per square foot.
What zoning applies to commercial property in Calumet?
Calumet, MI zones 128 acres across 6 districts, of which 54.2% is commercial and 2.2% industrial. The largest single district is Village Residential District at 28% of zoned land. The Village Residential (VR) District is intended to provide a stable, low- to medium-density environment for residential development. Residential zoning covers 43.6% and open space 0%.
Where does Realmo's Calumet market data come from?
Realmo compiles Calumet, MI figures from 16 active sale listings, 806 tracked off-market properties, the current Calumet zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 0 active for-lease listings in Calumet, 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: 128 zoned acres across 6 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
