Commercial Real Estate Market in Escanaba, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
37 active listings and 1,335 off-market properties in Escanaba, MI. Commercial property asks $82/SF to buy and $15.57/SF/Yr to lease (based on 4 listings).
Market Trends
Escanaba, MI spans 66.8 square miles in Delta County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Escanaba, MI has a median asking sale price of $111/SF (based on 6 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Escanaba, MI has a median asking sale price of $72/SF (based on 7 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Escanaba, 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%.
Multifamily
Multifamily space in Escanaba, MI has a median asking sale price of $80/SF (based on 6 listings). Vacancy 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
- Industrial 50.2%
- Residential 31.8%
- Commercial 12.6%
- Open space 1.8%
- Planned_development 0.5%
Largest Zones share of zoned land by district
Escanaba, MI zones 8,014 acres across 14 districts. Commercial zoning covers 12.6% of zoned land, residential 31.8%, open space 1.8% and industrial 50.2%. The largest single district is Heavy Manufacturing at 36%. For commercial buyers the practical constraint is that only 62.8% of land carries a commercial or industrial designation.
Heavy Manufacturing District “G” 8 12 *With a Special Land Use Permit, a front yard fence can be up to six (6) feet in height. Section 1912 - Landscaping, Buffers, and Screening 1912.1 General Statement The requirements of this Section shall apply to all land uses, structures, and buildings. The City of Escanaba finds that it is in the public interest for al…
Market overview
Demographics & Economy
Escanaba, MI has 17,009 residents in 8,729 households. Density runs 255 people per square mile. Median household income here is $45,808 and median gross rent $667 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Escanaba?
How much does it cost to lease commercial space in Escanaba?
What zoning applies to commercial property in Escanaba?
Where does Realmo's Escanaba market data come from?
Methodology & data sources
- Asking prices and medians
- There are 32 active for-sale and 5 active for-lease listings in Escanaba, MI. The medians are based on 23 of the for-sale and 4 of the for-lease listings, those that state a price or rent per square foot. 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: 8,014 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
