Commercial Real Estate Market in Cheboygan, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
31 active listings and 726 off-market properties in Cheboygan, MI.
Market Trends
Cheboygan, MI spans 266.7 square miles in Cheboygan County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Cheboygan, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Cheboygan, MI has a median asking sale price of $123/SF (based on 3 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial space in Cheboygan, MI has a median asking sale price of $52/SF (based on 3 listings). Vacancy 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 vacancy in Cheboygan, MI 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
- Residential 71.6%
- Commercial 13.3%
- Industrial 6.1%
Largest Zones share of zoned land by district
Cheboygan, MI zones 4,432 acres across 14 districts. Commercial zoning covers 13.3% of zoned land, residential 71.6% and industrial 6.1%. The largest single district is One Family Residential District at 60.9%. For commercial buyers the practical constraint is that only 19.4% of land carries a commercial or industrial designation.
In an R-M District, for the purpose of computing the permitted number of dwelling units per acre the following assignments shall control: 4-10 In an R-M District, the area used for computing density shall be the total site area exclusive of any dedicated public right-of-way of either interior or bounding roads. The site area per unit shall be calculated as f…
Market overview
Demographics & Economy
Cheboygan, MI has 14,058 residents in 8,535 households. Density runs 53 people per square mile. Median household income here is $60,840 and median gross rent $753 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Cheboygan?
What zoning applies to commercial property in Cheboygan?
Where does Realmo's Cheboygan market data come from?
Methodology & data sources
- Asking prices and medians
- There are 23 active for-sale and 8 active for-lease listings in Cheboygan, MI. The sale median is based on 9 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: 4,432 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 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
