Commercial Real Estate Market in Lincoln, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
13 active listings and 153 off-market properties in Lincoln, MI.
Market Trends
Lincoln, MI spans 67.9 square miles in Alcona County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lincoln, 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 Lincoln, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Lincoln, 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 Lincoln, 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 41.8%
- Industrial 28.7%
- Commercial 17.2%
- Open space 9.7%
- Mixed use 2.6%
Largest Zones share of zoned land by district
Industrial
Conservation Residential
Single Family Residential
General Business
Public Use
Lincoln, MI zones 512 acres across 7 districts. Commercial zoning covers 17.2% of zoned land, residential 41.8%, open space 9.7% and industrial 28.7%. The largest single district is Industrial at 28.7%. For commercial buyers the practical constraint is that only 45.9% of land carries a commercial or industrial designation.
Industrial (I)
This District is designed primarily for manufacturing, assembling and fabrication activities including large scale or specialized industrial operations, whose external physical effects will be felt to some degree by surrounding districts
Market overview
Demographics & Economy
Lincoln, MI has 1,701 residents in 1,392 households. Density runs 25 people per square mile. Median household income here is $62,683 and median gross rent $650 a month.
1,701
Population
1,392
Households
1.2
Avg Household Size
57
Median Age
25%
College-Educated
94%
High-School Grad
67.9 sq mi
ZIP Area
25
Density / Sq Mi
$62,683
Median Household Income
$36,941
Median Earnings
$650
Median Rent
$165,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Harrisville | — | — |
| Mikado | — | — |
| Greenbush | — | — |
| Barton City | — | — |
Commercial property in Lincoln, MI asks $67/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lincoln?
Commercial property in Lincoln, MI asks an average of $67 per square foot.
What zoning applies to commercial property in Lincoln?
Lincoln, MI zones 512 acres across 7 districts, of which 17.2% is commercial and 28.7% industrial. The largest single district is Industrial at 28.7% of zoned land. This District is designed primarily for manufacturing, assembling and fabrication activities including large scale or specialized industrial operations, whose external physical effects will be felt to some degree by surrounding districts Residential zoning covers 41.8% and open space 9.7%.
Where does Realmo's Lincoln market data come from?
Realmo compiles Lincoln, MI figures from 13 active sale listings, 153 tracked off-market properties, the current Lincoln zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 13 active for-sale and 0 active for-lease listings in Lincoln, 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: 512 zoned acres across 7 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
