Commercial Real Estate Market in Escanaba, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
59 active listings and 1,335 off-market properties in Escanaba, MI. Commercial property asks $89/SF to buy and $15.62/SF/Yr to lease.
Market Trends
Escanaba, MI spans 66.8 square miles in Delta County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Escanaba, MI asks $60/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Retail
Retail space in Escanaba, MI asks $100/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 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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Escanaba, 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
- 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
Heavy Manufacturing
Single Family
Light Manufacturing
Commercial
Two Family
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 (G)
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.
17,009
Population
8,729
Households
1.9
Avg Household Size
45
Median Age
19%
College-Educated
90%
High-School Grad
66.8 sq mi
ZIP Area
255
Density / Sq Mi
$45,808
Median Household Income
$31,366
Median Earnings
$667
Median Rent
$139,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Wells | — | — |
| Gladstone | — | $8.02 |
| Brampton | — | — |
| Cornell | — | — |
Commercial property in Escanaba, MI asks $89/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Escanaba?
Commercial property in Escanaba, MI asks an average of $89 per square foot. Retail carries the highest asking price at $100/SF.
How much does it cost to lease commercial space in Escanaba?
Asking lease rates in Escanaba, MI average $15.62 per square foot per year.
What zoning applies to commercial property in Escanaba?
Escanaba, MI zones 8,014 acres across 14 districts, of which 12.6% is commercial and 50.2% industrial. The largest single district is Heavy Manufacturing at 36% of zoned land. 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… Residential zoning covers 31.8% and open space 1.8%.
Where does Realmo's Escanaba market data come from?
Realmo compiles Escanaba, MI figures from 4 recent recorded sales, 55 active sale listings, 4 active lease listings, 1,335 tracked off-market properties, the current Escanaba zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 55 active for-sale and 4 active for-lease listings in Escanaba, 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: 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 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
