Commercial Real Estate Market in Munising, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
10 active listings and 293 off-market properties in Munising, MI.
Market Trends
Munising, MI spans 170.0 square miles in Alger County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Munising, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Munising, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Munising, 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 Munising, 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 67.4%
- Open space 17.1%
- Commercial 12.4%
- Industrial 3.2%
Largest Zones share of zoned land by district
Munising, MI zones 3,373 acres across 14 districts. Commercial zoning covers 12.4% of zoned land, residential 67.4%, open space 17.1% and industrial 3.2%. The largest single district is Highland One at 29.4%. For commercial buyers the practical constraint is that only 15.5% of land carries a commercial or industrial designation.
SecƟon 213 Intent-Highland One (H1) and Highland Two (H2) a. Intent: 1. The H1 Highland One (H1) District is designed to establish and maintain residenƟal use in areas of rural character where development has not taken place and to preserve the scenic character of the ridge lines and hillsides that surround the City of Munising. Because tourism, recreaƟon, a…
Market overview
Demographics & Economy
Munising, MI has 4,602 residents in 2,462 households. Density runs 27 people per square mile. Median household income here is $59,575 and median gross rent $718 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Munising?
What zoning applies to commercial property in Munising?
Where does Realmo's Munising market data come from?
Methodology & data sources
- Asking prices and medians
- There are 10 active for-sale and 0 active for-lease listings in Munising, MI. The sale median is based on 6 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. 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: 3,373 zoned acres across 14 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
