Commercial Real Estate Market in Mackinac Island, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
8 active listings and 350 off-market properties in Mackinac Island, MI.
Market Trends
Mackinac Island, MI spans 4.4 square miles in Mackinac County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Mackinac Island, 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 Mackinac Island, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Mackinac Island, 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 Mackinac Island, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Mackinac Island, MI has 583 residents in 833 households. Density runs 134 people per square mile. Median household income here is $100,125 and median gross rent $1,164 a month.
583
Population
833
Households
0.7
Avg Household Size
46
Median Age
38%
College-Educated
88%
High-School Grad
4.4 sq mi
ZIP Area
134
Density / Sq Mi
$100,125
Median Household Income
$26,571
Median Earnings
$1,164
Median Rent
$834,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Saint Ignace | — | — |
| Mackinac City | — | — |
| Pointe Aux Pins | — | — |
| Carp Lake | — | — |
Methodology & data sources
- Asking prices and averages
- Computed from 8 active for-sale and 0 active for-lease listings in Mackinac Island, 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.
- 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
