Commercial Real Estate Market in Calumet, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 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 October 2026.
Office
Office vacancy in Calumet, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Calumet, MI has a median asking sale price of $122/SF (based on 7 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily space in Calumet, MI has a median asking sale price of $166/SF (based on 3 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
- Commercial 54.2%
- Residential 43.6%
- Industrial 2.2%
Largest Zones share of zoned land by 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.
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Calumet?
What zoning applies to commercial property in Calumet?
Where does Realmo's Calumet market data come from?
Methodology & data sources
- Asking prices and medians
- There are 16 active for-sale and 0 active for-lease listings in Calumet, MI. The sale median is based on 10 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. 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: 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 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
