Commercial Real Estate Market in Manistique, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
51 active listings and 636 off-market properties in Manistique, MI.
Market Trends
Manistique, MI spans 473.9 square miles in Schoolcraft County, Michigan. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Manistique, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail space in Manistique, MI asks $39/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Manistique, 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 Manistique, 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 54.6%
- Commercial 14.5%
- Open space 12.7%
- Industrial 10.8%
- Mixed use 7.4%
Largest Zones share of zoned land by district
Residential 1
Industrial
Open Space 1
General Business
Residential 2
Manistique, MI zones 2,189 acres across 8 districts. Commercial zoning covers 14.5% of zoned land, residential 54.6%, open space 12.7% and industrial 10.8%. The largest single district is Residential 1 at 47%. For commercial buyers the practical constraint is that only 25.3% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Manistique, MI has 6,211 residents in 4,307 households. Density runs 13 people per square mile. Median household income here is $57,212 and median gross rent $653 a month.
6,211
Population
4,307
Households
1.4
Avg Household Size
52
Median Age
21%
College-Educated
89%
High-School Grad
473.9 sq mi
ZIP Area
13
Density / Sq Mi
$57,212
Median Household Income
$33,705
Median Earnings
$653
Median Rent
$117,500
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Manistique?
Commercial property in Manistique, MI asks an average of $195 per square foot. Retail carries the highest asking price at $39/SF.
What zoning applies to commercial property in Manistique?
Manistique, MI zones 2,189 acres across 8 districts, of which 14.5% is commercial and 10.8% industrial. The largest single district is Residential 1 at 47% of zoned land. Residential zoning covers 54.6% and open space 12.7%.
Where does Realmo's Manistique market data come from?
Realmo compiles Manistique, MI figures from 51 active sale listings, 636 tracked off-market properties, the current Manistique zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 51 active for-sale and 0 active for-lease listings in Manistique, 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: 2,189 zoned acres across 8 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 30 September 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 30 September 2026 · report a data issue
