Commercial Real Estate Market in Elberta, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Elberta, MI spans 0.8 square miles in Benzie County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Elberta, 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 Elberta, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Elberta, 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 Elberta, 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
- Commercial 75.5%
- Civic 21.1%
- Planned_development 3.3%
Largest Zones share of zoned land by district
Waterfront And Lakebluffs Development District
Residential District
Commercial District
Deep Water Point District
Elberta, MI zones 487 acres across 4 districts. Commercial zoning covers 75.5% of zoned land. The largest single district is Waterfront And Lakebluffs Development District at 70.2%. For commercial buyers the practical constraint is that only 75.5% of land carries a commercial or industrial designation.
Waterfront And Lakebluffs Development District (DD)
DD Waterfront and Lakebluffs Development District PD Deep Water Point District 10.02 SCOPE OF REGULATIONS. Except as provided, no structure shall be erected or altered nor shall any bui1ding or premises be used for any purpose other than is permitted in the district in which such building or premises is located. 10.03 OFFICIAL ZONING MAP. For the purpose of…
Market overview
Demographics & Economy
Elberta, MI has 329 residents in 175 households. Density runs 438 people per square mile. Median household income here is $125,938.
329
Population
175
Households
1.9
Avg Household Size
51
Median Age
32%
College-Educated
99%
High-School Grad
0.8 sq mi
ZIP Area
438
Density / Sq Mi
$125,938
Median Household Income
$55,417
Median Earnings
$0
Median Rent
$272,400
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Elberta?
Elberta, MI zones 487 acres across 4 districts, of which 75.5% is commercial and 0% industrial. The largest single district is Waterfront And Lakebluffs Development District at 70.2% of zoned land. DD Waterfront and Lakebluffs Development District PD Deep Water Point District 10.02 SCOPE OF REGULATIONS. Except as provided, no structure shall be erected or altered nor shall any bui1ding or premises be used for any purpose other than is permitted in the district in which such building or premises is located. 10.03 OFFICIAL ZONING MAP. For the purpose of… Residential zoning covers 0% and open space 0%.
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: 487 zoned acres across 4 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
