Commercial Real Estate Market in Carp Lake, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 23 off-market properties in Carp Lake, MI.
Market Trends
Carp Lake, MI spans 44.2 square miles in Emmet County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Carp Lake, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail space in Carp Lake, MI asks $224/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Carp Lake, 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 Carp Lake, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Carp Lake, MI has 691 residents in 688 households. Density runs 16 people per square mile. Median household income here is $44,712 and median gross rent $950 a month.
691
Population
688
Households
1
Avg Household Size
55
Median Age
24%
College-Educated
90%
High-School Grad
44.2 sq mi
ZIP Area
16
Density / Sq Mi
$44,712
Median Household Income
$23,162
Median Earnings
$950
Median Rent
$183,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Levering | — | — |
| Mackinac City | — | — |
| Pellston | — | — |
| Saint Ignace | — | — |
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 0 active for-lease listings in Carp Lake, 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.
- 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
