Commercial Real Estate Market in Kalkaska, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
176 active listings and 569 off-market properties in Kalkaska, MI. Commercial property asks $275/SF to buy and $19.70/SF/Yr to lease.
Market Trends
Kalkaska, MI spans 219.3 square miles in Kalkaska County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Kalkaska, 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 Kalkaska, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Kalkaska, 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 Kalkaska, 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 40.8%
- Residential 37.1%
- Commercial 20.9%
- Civic 1.2%
Largest Zones share of zoned land by district
Light Industrial And Warehouse District
Single Family Conventional
Regional Commercial District
Flexible Residential District
Single Family Traditional
Kalkaska, MI zones 1,731 acres across 9 districts. Commercial zoning covers 20.9% of zoned land, residential 37.1% and industrial 40.8%. The largest single district is Light Industrial And Warehouse District at 40.8%. For commercial buyers the practical constraint is that only 61.7% of land carries a commercial or industrial designation.
Light Industrial And Warehouse District (LIW)
The Light Industrial and Warehouse District is intended to accommodate wholesale activities, warehouses, major repair operations, manufacturing and other industrial operations
Market overview
Demographics & Economy
Kalkaska, MI has 8,582 residents in 5,652 households. Density runs 39 people per square mile. Median household income here is $55,188 and median gross rent $712 a month.
8,582
Population
5,652
Households
1.5
Avg Household Size
45
Median Age
15%
College-Educated
89%
High-School Grad
219.3 sq mi
ZIP Area
39
Density / Sq Mi
$55,188
Median Household Income
$34,834
Median Earnings
$712
Median Rent
$167,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| South Boardman | — | — |
| Rapid City | — | — |
| Alden | — | — |
| Williamsburg | — | $8.98 |
Commercial property in Kalkaska, MI asks $275/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Kalkaska?
Commercial property in Kalkaska, MI asks an average of $275 per square foot.
How much does it cost to lease commercial space in Kalkaska?
Asking lease rates in Kalkaska, MI average $19.70 per square foot per year.
What zoning applies to commercial property in Kalkaska?
Kalkaska, MI zones 1,731 acres across 9 districts, of which 20.9% is commercial and 40.8% industrial. The largest single district is Light Industrial And Warehouse District at 40.8% of zoned land. The Light Industrial and Warehouse District is intended to accommodate wholesale activities, warehouses, major repair operations, manufacturing and other industrial operations Residential zoning covers 37.1% and open space 0%.
Where does Realmo's Kalkaska market data come from?
Realmo compiles Kalkaska, MI figures from 4 recent recorded sales, 175 active sale listings, 1 active lease listings, 569 tracked off-market properties, the current Kalkaska zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 175 active for-sale and 1 active for-lease listings in Kalkaska, 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: 1,731 zoned acres across 9 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
