Commercial Real Estate Market in Manistee, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
28 active listings and 755 off-market properties in Manistee, MI. Commercial property asks $72/SF to buy (based on 9 listings) and $11.00/SF/Yr to lease (based on 5 listings).
Market Trends
Manistee, MI spans 171.4 square miles in Manistee County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Manistee, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Manistee, MI has a median asking sale price of $72/SF (based on 7 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Manistee, 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%.
Multifamily
Multifamily vacancy in Manistee, 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
- Residential 68.5%
- Industrial 10.2%
- Commercial 8.5%
- Planned_development 2.7%
- Mixed use 1.3%
Largest Zones share of zoned land by district
Manistee, MI zones 2,290 acres across 11 districts. Commercial zoning covers 8.5% of zoned land, residential 68.5% and industrial 10.2%. The largest single district is Medium Density Residential at 39.6%. For commercial buyers the practical constraint is that only 18.7% of land carries a commercial or industrial designation.
It is the intent of this District to establish and protect residential areas consisting primarily of medium density, single-family neighborhoods and multi-family communities designed and maintained promote an attractive, walkable, healthy and stable living environment for families, singles and the elderly.
Market overview
Demographics & Economy
Manistee, MI has 14,134 residents in 7,744 households. Density runs 82 people per square mile. Median household income here is $62,211 and median gross rent $787 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Manistee?
How much does it cost to lease commercial space in Manistee?
What zoning applies to commercial property in Manistee?
Where does Realmo's Manistee market data come from?
Methodology & data sources
- Asking prices and medians
- There are 22 active for-sale and 6 active for-lease listings in Manistee, MI. The medians are based on 9 of the for-sale and 5 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: 2,290 zoned acres across 11 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
