Commercial Real Estate Market in Muskegon, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
401 active listings and 4,628 off-market properties in Muskegon, MI. Commercial property asks $118/SF to buy and $13.00/SF/Yr to lease.
Market Trends
Muskegon, MI spans 149.1 square miles in Muskegon County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Muskegon, MI has a median asking sale price of $158/SF. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Muskegon, MI has a median asking sale price of $120/SF. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial space in Muskegon, MI has a median asking sale price of $125/SF. Vacancy 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 space in Muskegon, MI has a median asking sale price of $112/SF (based on 5 listings). Vacancy 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 47.9%
- Open space 17.8%
- Industrial 16.6%
- Commercial 6.2%
- Planned_development 2.6%
- Civic 0.2%
Largest Zones share of zoned land by district
Muskegon, MI zones 9,375 acres across 29 districts. Commercial zoning covers 6.2% of zoned land, residential 47.9%, open space 17.8% and industrial 16.6%. The largest single district is Single Family Low Density Residential at 22.5%. For commercial buyers the practical constraint is that only 22.8% of land carries a commercial or industrial designation.
Article IV “R-1, Single-Family Residential”, Section 402: One Family Dwelling Regulations (Repealed and reserved this section since language was incorporated into Section 2319.) Article XXIII “General Provisions”, Section 2319: Residential Design Criteria (Added design criteria for all one and
Market overview
Demographics & Economy
Muskegon, MI has 131,162 residents in 55,854 households. Density runs 880 people per square mile. Median household income here is $59,611 and median gross rent $997 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Norton Shores | $86 | $10.00 |
| Fruitport | $126 | — |
| Ferrysburg | $143 | — |
Commercial property in Muskegon, MI asks $118/SF. The 3 bordering markets run from $86/SF in Norton Shores to $143/SF in Ferrysburg, and the city sits below their $126/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Muskegon?
How much does it cost to lease commercial space in Muskegon?
How does Muskegon compare to nearby markets on price?
What zoning applies to commercial property in Muskegon?
Where does Realmo's Muskegon market data come from?
Methodology & data sources
- Asking prices and medians
- There are 235 active for-sale and 166 active for-lease listings in Muskegon, MI. The medians are based on 131 of the for-sale and 124 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: 9,375 zoned acres across 29 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
