Commercial Real Estate Market in Menominee, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
18 active listings and 779 off-market properties in Menominee, MI. Commercial property asks $45/SF to buy and $16.00/SF/Yr to lease.
Market Trends
Menominee, MI spans 86.8 square miles in Menominee County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Menominee, 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 Menominee, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Menominee, 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 Menominee, 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 50.8%
- Industrial 13.7%
- Commercial 7%
Largest Zones share of zoned land by district
One Family Residential
Public Land
Two Family Residential
Industrial
Development
Menominee, MI zones 3,307 acres across 10 districts. Commercial zoning covers 7% of zoned land, residential 50.8% and industrial 13.7%. The largest single district is One Family Residential at 33.6%. For commercial buyers the practical constraint is that only 20.7% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Menominee, MI has 11,939 residents in 6,486 households. Density runs 138 people per square mile. Median household income here is $52,813 and median gross rent $691 a month.
11,939
Population
6,486
Households
1.8
Avg Household Size
49
Median Age
19%
College-Educated
93%
High-School Grad
86.8 sq mi
ZIP Area
138
Density / Sq Mi
$52,813
Median Household Income
$39,492
Median Earnings
$691
Median Rent
$127,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Marinette | — | — |
| Peshtigo | — | — |
| Loomis | — | — |
| Wallace | — | — |
Commercial property in Menominee, MI asks $45/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Menominee?
Commercial property in Menominee, MI asks an average of $45 per square foot.
How much does it cost to lease commercial space in Menominee?
Asking lease rates in Menominee, MI average $16.00 per square foot per year.
What zoning applies to commercial property in Menominee?
Menominee, MI zones 3,307 acres across 10 districts, of which 7% is commercial and 13.7% industrial. The largest single district is One Family Residential at 33.6% of zoned land. Residential zoning covers 50.8% and open space 0%.
Where does Realmo's Menominee market data come from?
Realmo compiles Menominee, MI figures from 16 active sale listings, 2 active lease listings, 779 tracked off-market properties, the current Menominee zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 2 active for-lease listings in Menominee, 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: 3,307 zoned acres across 10 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 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
