Commercial Real Estate Market in Ellsworth, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
19 active listings and 115 off-market properties in Ellsworth, MI.
Market Trends
Ellsworth, MI spans 37.2 square miles in Antrim County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Ellsworth, 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 Ellsworth, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Ellsworth, 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 Ellsworth, 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 86.7%
- Commercial 10.7%
- Open space 2.6%
Largest Zones share of zoned land by district
Low Density Residential
General Residential
Village Residential
General Commercial
Mixed Residential
Ellsworth, MI zones 507 acres across 7 districts. Commercial zoning covers 10.7% of zoned land, residential 86.7% and open space 2.6%. The largest single district is Low Density Residential at 39%. For commercial buyers the practical constraint is that only 10.7% of land carries a commercial or industrial designation.
Low Density Residential (R-1)
A. Low Density Residential (R-1): The land uses in this District are intended to encourage an environment of predominantly low density residential structures located on individual lots along with other residential relate facilities which serve the residents within the District. B. General Residential District (R-2): The purpose of the provisions of this Dist…
Market overview
Demographics & Economy
Ellsworth, MI has 1,527 residents in 995 households. Density runs 41 people per square mile. Median household income here is $78,365 and median gross rent $1,056 a month.
1,527
Population
995
Households
1.5
Avg Household Size
48
Median Age
25%
College-Educated
90%
High-School Grad
37.2 sq mi
ZIP Area
41
Density / Sq Mi
$78,365
Median Household Income
$40,909
Median Earnings
$1,056
Median Rent
$199,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Eastport | — | — |
| Central Lake | — | — |
| East Jordan | — | — |
| Charlevoix | — | $16.50 |
Commercial property in Ellsworth, MI asks $1,209/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Ellsworth?
Commercial property in Ellsworth, MI asks an average of $1,209 per square foot.
What zoning applies to commercial property in Ellsworth?
Ellsworth, MI zones 507 acres across 7 districts, of which 10.7% is commercial and 0% industrial. The largest single district is Low Density Residential at 39% of zoned land. A. Low Density Residential (R-1): The land uses in this District are intended to encourage an environment of predominantly low density residential structures located on individual lots along with other residential relate facilities which serve the residents within the District. B. General Residential District (R-2): The purpose of the provisions of this Dist… Residential zoning covers 86.7% and open space 2.6%.
Where does Realmo's Ellsworth market data come from?
Realmo compiles Ellsworth, MI figures from 19 active sale listings, 115 tracked off-market properties, the current Ellsworth zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 19 active for-sale and 0 active for-lease listings in Ellsworth, 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: 507 zoned acres across 7 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
