Commercial Real Estate Market in Kalkaska, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
13 active listings and 569 off-market properties in Kalkaska, MI.
Market Trends
Kalkaska, MI spans 219.3 square miles in Kalkaska County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Kalkaska, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Kalkaska, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial space in Kalkaska, MI has a median asking sale price of $65/SF (based on 5 listings). Vacancy 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 vacancy in Kalkaska, MI 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 40.8%
- Residential 37.1%
- Commercial 20.9%
- Civic 1.2%
Largest Zones share of zoned land by district
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.
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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Williamsburg | $148 | $21.10 |
| Mancelona | $181 | — |
Commercial property in Kalkaska, MI asks $72/SF. The 2 bordering markets run from $148/SF in Williamsburg to $181/SF in Mancelona, and the city sits below their $164/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Kalkaska?
How does Kalkaska compare to nearby markets on price?
What zoning applies to commercial property in Kalkaska?
Where does Realmo's Kalkaska market data come from?
Methodology & data sources
- Asking prices and medians
- There are 12 active for-sale and 1 active for-lease listings in Kalkaska, MI. The sale median is based on 8 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. 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: 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 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
