Commercial Real Estate Market in Eastlake, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Eastlake, MI spans 0.5 square miles in Manistee County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Eastlake, 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 Eastlake, MI asks $117/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 Eastlake, 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 Eastlake, 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 71.1%
- Open space 18.7%
- Commercial 3.1%
Largest Zones share of zoned land by district
Rural Residential District
Residential District
Public And Recreational District
Residential 2 District
Shoreline District
Eastlake, MI zones 763 acres across 6 districts. Commercial zoning covers 3.1% of zoned land, residential 71.1% and open space 18.7%. The largest single district is Rural Residential District at 39.8%. For commercial buyers the practical constraint is that only 3.1% of land carries a commercial or industrial designation.
Rural Residential District (RR)
RURAL-RESIDENTIAL DISTRICT (RR) 4801. Purpose and Intent. The intent of the Rural Residential District is to allow for some additional residential development in a more rural setting, in a variety of sizes and densities. Development should be consistent with the rural and forested character of the area. Development should provide for both vehicular and non-…
Market overview
Demographics & Economy
Eastlake, MI has 325 residents in 170 households. Density runs 612 people per square mile. Median household income here is $50,536.
325
Population
170
Households
1.9
Avg Household Size
55
Median Age
14%
College-Educated
90%
High-School Grad
0.5 sq mi
ZIP Area
612
Density / Sq Mi
$50,536
Median Household Income
$33,021
Median Earnings
$0
Median Rent
$117,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Manistee | — | $40.38 |
| Filer City | — | — |
| Stronach | — | — |
| Onekama | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Eastlake?
Eastlake, MI zones 763 acres across 6 districts, of which 3.1% is commercial and 0% industrial. The largest single district is Rural Residential District at 39.8% of zoned land. RURAL-RESIDENTIAL DISTRICT (RR) 4801. Purpose and Intent. The intent of the Rural Residential District is to allow for some additional residential development in a more rural setting, in a variety of sizes and densities. Development should be consistent with the rural and forested character of the area. Development should provide for both vehicular and non-… Residential zoning covers 71.1% and open space 18.7%.
Methodology & data sources
- 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: 763 zoned acres across 6 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
