Commercial Real Estate Market in Charlevoix, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
100 active listings and 992 off-market properties in Charlevoix, MI. Commercial property asks $276/SF to buy and $16.50/SF/Yr to lease.
Market Trends
Charlevoix, MI spans 95.5 square miles in Charlevoix County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Charlevoix, 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 Charlevoix, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Charlevoix, 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 Charlevoix, 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
- Residential 47.3%
- Civic 28.4%
- Commercial 6.3%
- Industrial 6.1%
- Mixed use 1.3%
- Planned_development 1.3%
Largest Zones share of zoned land by district
Public Facilities
Low Density Single Family Residential
Medium Density Single Family Residential
Scenic Reserve
Industrial
Public Facilities (PF)
This zone is intended to accommodate municipal, county and federal government related buildings and uses. Public facilities also include schools, public parking lots and the Charlevoix Public Library.
Market overview
Demographics & Economy
Charlevoix, MI has 9,127 residents in 6,236 households. Density runs 96 people per square mile. Median household income here is $76,127 and median gross rent $985 a month.
9,127
Population
6,236
Households
1.5
Avg Household Size
52
Median Age
38%
College-Educated
97%
High-School Grad
95.5 sq mi
ZIP Area
96
Density / Sq Mi
$76,127
Median Household Income
$41,563
Median Earnings
$985
Median Rent
$265,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ellsworth | — | — |
| East Jordan | — | — |
| Eastport | — | — |
| Boyne City | — | — |
Commercial property in Charlevoix, MI asks $276/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Charlevoix?
Commercial property in Charlevoix, MI asks an average of $276 per square foot.
How much does it cost to lease commercial space in Charlevoix?
Asking lease rates in Charlevoix, MI average $16.50 per square foot per year.
Where does Realmo's Charlevoix market data come from?
Realmo compiles Charlevoix, MI figures from 95 active sale listings, 5 active lease listings, 992 tracked off-market properties, the current Charlevoix zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 95 active for-sale and 5 active for-lease listings in Charlevoix, 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: 1,119 zoned acres across 14 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
