Commercial Real Estate Market in Cheboygan, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
198 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 August 2026.
Office
Office vacancy in Cheboygan, 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 Cheboygan, MI asks $171/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 Cheboygan, 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 Cheboygan, 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 71.6%
- Commercial 13.3%
- Industrial 6.1%
Largest Zones share of zoned land by district
One Family Residential District
General Business District
Multiple Family Residential District
Light Industrial District
Waterfront Marina 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.
Multiple Family Residential District (R-M)
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.
14,058
Population
8,535
Households
1.6
Avg Household Size
50
Median Age
22%
College-Educated
89%
High-School Grad
266.7 sq mi
ZIP Area
53
Density / Sq Mi
$60,840
Median Household Income
$30,807
Median Earnings
$753
Median Rent
$170,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mullett Lake | — | — |
| Topinabee | — | — |
| Tower | — | — |
| Onaway | — | — |
Commercial property in Cheboygan, MI asks $256/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Cheboygan?
Commercial property in Cheboygan, MI asks an average of $256 per square foot. Retail carries the highest asking price at $171/SF.
What zoning applies to commercial property in Cheboygan?
Cheboygan, MI zones 4,432 acres across 14 districts, of which 13.3% is commercial and 6.1% industrial. The largest single district is One Family Residential District at 60.9% of zoned land. Residential zoning covers 71.6% and open space 0%.
Where does Realmo's Cheboygan market data come from?
Realmo compiles Cheboygan, MI figures from 4 recent recorded sales, 192 active sale listings, 6 active lease listings, 726 tracked off-market properties, the current Cheboygan zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 192 active for-sale and 6 active for-lease listings in Cheboygan, 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: 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 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
