Commercial Real Estate Market in Central Lake, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
26 active listings and 151 off-market properties in Central Lake, MI. Commercial property asks $215/SF to buy and $2.99/SF/Yr to lease.
Market Trends
Central Lake, MI spans 45.2 square miles in Antrim County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Central Lake, 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 Central Lake, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Central 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 Central 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
Central Lake, MI has 2,473 residents in 1,945 households. Density runs 55 people per square mile. Median household income here is $66,618 and median gross rent $1,020 a month.
2,473
Population
1,945
Households
1.3
Avg Household Size
54
Median Age
30%
College-Educated
97%
High-School Grad
45.2 sq mi
ZIP Area
55
Density / Sq Mi
$66,618
Median Household Income
$32,682
Median Earnings
$1,020
Median Rent
$209,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Eastport | — | — |
| Ellsworth | — | — |
| Bellaire | — | — |
| East Jordan | — | — |
Commercial property in Central Lake, MI asks $215/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Central Lake?
Commercial property in Central Lake, MI asks an average of $215 per square foot. The 3 most recent recorded sales traded at a median of $81/SF, so asking sits 167% above the achieved median.
How much does it cost to lease commercial space in Central Lake?
Asking lease rates in Central Lake, MI average $2.99 per square foot per year.
Where does Realmo's Central Lake market data come from?
Realmo compiles Central Lake, MI figures from 7 recent recorded sales, 24 active sale listings, 2 active lease listings, 151 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 24 active for-sale and 2 active for-lease listings in Central 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
