Commercial Real Estate Market in Kaleva, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
50 active listings and 94 off-market properties in Kaleva, MI.
Market Trends
Kaleva, MI spans 44.3 square miles in Manistee County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Kaleva, 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 Kaleva, 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 Kaleva, 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 Kaleva, 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 49.7%
- Industrial 29.1%
- Open space 10.9%
- Commercial 10.3%
Largest Zones share of zoned land by district
Residential
Industrial
Recreation And Open Space
Commercial
Downtown Business District
Kaleva, MI zones 698 acres across 5 districts. Commercial zoning covers 10.3% of zoned land, residential 49.7%, open space 10.9% and industrial 29.1%. The largest single district is Residential at 49.7%. For commercial buyers the practical constraint is that only 39.4% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Kaleva, MI has 1,742 residents in 1,117 households. Density runs 39 people per square mile. Median household income here is $45,000 and median gross rent $948 a month.
1,742
Population
1,117
Households
1.6
Avg Household Size
48
Median Age
14%
College-Educated
87%
High-School Grad
44.3 sq mi
ZIP Area
39
Density / Sq Mi
$45,000
Median Household Income
$28,269
Median Earnings
$948
Median Rent
$129,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Brethren | — | — |
| Copemish | — | — |
| Onekama | — | — |
| Thompsonville | — | — |
Commercial property in Kaleva, MI asks $260/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Kaleva?
Commercial property in Kaleva, MI asks an average of $260 per square foot. Retail carries the highest asking price at $117/SF.
What zoning applies to commercial property in Kaleva?
Kaleva, MI zones 698 acres across 5 districts, of which 10.3% is commercial and 29.1% industrial. The largest single district is Residential at 49.7% of zoned land. Residential zoning covers 49.7% and open space 10.9%.
Where does Realmo's Kaleva market data come from?
Realmo compiles Kaleva, MI figures from 50 active sale listings, 94 tracked off-market properties, the current Kaleva zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 50 active for-sale and 0 active for-lease listings in Kaleva, 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: 698 zoned acres across 5 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
