Commercial Real Estate Market in Ludington, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
49 active listings and 1,153 off-market properties in Ludington, MI. Commercial property asks $108/SF to buy and $12.00/SF/Yr to lease (based on 7 listings).
Market Trends
Ludington, MI spans 96.1 square miles in Mason County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Ludington, MI has a median asking sale price of $121/SF (based on 8 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Ludington, MI has a median asking sale price of $106/SF (based on 4 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial space in Ludington, MI has a median asking sale price of $108/SF (based on 8 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 space in Ludington, MI has a median asking sale price of $200/SF (based on 4 listings). Vacancy 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
- Residential 50.2%
- Mixed use 25.1%
- Open space 12.3%
- Commercial 3.3%
- Industrial 2.9%
- Civic 1.6%
Largest Zones share of zoned land by district
N Neighborhood Purpose and Intent. The Neighborhood Zoning District is intended to maintain the traditionally residential areas of the City so that they continue to primarily support and encourage the presence of long-term, year-round residents. Moreover, the standards in the Neighborhood Zoning District are intended to provide flexibility in the use of prop…
Market overview
Demographics & Economy
Ludington, MI has 17,044 residents in 9,959 households. Density runs 177 people per square mile. Median household income here is $63,313 and median gross rent $850 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Scottville | $78 | — |
| Pentwater | $251 | — |
| Hart | $97 | — |
Commercial property in Ludington, MI asks $108/SF. The 3 bordering markets run from $78/SF in Scottville to $251/SF in Pentwater, and the city sits above their $97/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Ludington?
How much does it cost to lease commercial space in Ludington?
How does Ludington compare to nearby markets on price?
Where does Realmo's Ludington market data come from?
Methodology & data sources
- Asking prices and medians
- There are 38 active for-sale and 11 active for-lease listings in Ludington, MI. The medians are based on 27 of the for-sale and 7 of the for-lease listings, those that state a price or rent per square foot. 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: 2,181 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
