Commercial Real Estate Market in Mancelona, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
91 active listings and 473 off-market properties in Mancelona, MI.
Market Trends
Mancelona, MI spans 175.0 square miles in Antrim County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Mancelona, 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 Mancelona, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Mancelona, 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 Mancelona, 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 53.9%
- Commercial 13.9%
- Industrial 7.3%
- Mixed use 5.8%
Largest Zones share of zoned land by district
Village Residential
Public And Semi Public
Commercial
Light Industrial And Warehousing
Neighborhood Mixed Use
Mancelona, MI zones 647 acres across 7 districts. Commercial zoning covers 13.9% of zoned land, residential 53.9% and industrial 7.3%. The largest single district is Village Residential at 50.5%. For commercial buyers the practical constraint is that only 21.2% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Mancelona, MI has 6,670 residents in 4,586 households. Density runs 38 people per square mile. Median household income here is $59,092 and median gross rent $792 a month.
6,670
Population
4,586
Households
1.5
Avg Household Size
44
Median Age
18%
College-Educated
89%
High-School Grad
175 sq mi
ZIP Area
38
Density / Sq Mi
$59,092
Median Household Income
$33,269
Median Earnings
$792
Median Rent
$141,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Alba | — | — |
| Alden | — | — |
| Bellaire | — | — |
| Rapid City | — | — |
Commercial property in Mancelona, MI asks $887/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Mancelona?
Commercial property in Mancelona, MI asks an average of $887 per square foot. The 4 most recent recorded sales traded at a median of $52/SF, so asking sits 1604% above the achieved median.
What zoning applies to commercial property in Mancelona?
Mancelona, MI zones 647 acres across 7 districts, of which 13.9% is commercial and 7.3% industrial. The largest single district is Village Residential at 50.5% of zoned land. Residential zoning covers 53.9% and open space 0%.
Where does Realmo's Mancelona market data come from?
Realmo compiles Mancelona, MI figures from 6 recent recorded sales, 91 active sale listings, 473 tracked off-market properties, the current Mancelona zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 91 active for-sale and 0 active for-lease listings in Mancelona, 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: 647 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
