Commercial Real Estate Market in Muskegon, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
577 active listings and 4,628 off-market properties in Muskegon, MI. Commercial property asks $74/SF to buy and $17.53/SF/Yr to lease.
Market Trends
Muskegon, MI spans 149.1 square miles in Muskegon County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Muskegon, MI asks $115/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Retail
Retail space in Muskegon, MI asks $92/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 Muskegon, 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 space in Muskegon, MI asks $239/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
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
Single Family Low Density Residential
General Industrial
Single Family Medium Density Residential
Open Space Conservation
Open Space Recreation
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.
Single Family Low Density Residential (R-1)
Article IV “R-1, Single-Family Residential”, Section 402: One Family Dwelling Regulations (Repealed and reserved this section since language was incorporated into Section 2319.)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.
131,162
Population
55,854
Households
2.3
Avg Household Size
40
Median Age
20%
College-Educated
91%
High-School Grad
149.1 sq mi
ZIP Area
880
Density / Sq Mi
$59,611
Median Household Income
$36,929
Median Earnings
$997
Median Rent
$162,324
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Meskegon | — | — |
| North Muskegon | — | — |
| Muskegon Heights | — | — |
| Roosevelt Park | — | — |
Commercial property in Muskegon, MI asks $74/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Muskegon?
Commercial property in Muskegon, MI asks an average of $74 per square foot. Multifamily carries the highest asking price at $239/SF.
How much does it cost to lease commercial space in Muskegon?
Asking lease rates in Muskegon, MI average $17.53 per square foot per year.
What zoning applies to commercial property in Muskegon?
Muskegon, MI zones 9,375 acres across 29 districts, of which 6.2% is commercial and 16.6% industrial. The largest single district is Single Family Low Density Residential at 22.5% of zoned land. 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 Residential zoning covers 47.9% and open space 17.8%.
Where does Realmo's Muskegon market data come from?
Realmo compiles Muskegon, MI figures from 2 recent recorded sales, 436 active sale listings, 141 active lease listings, 4,628 tracked off-market properties, the current Muskegon zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 436 active for-sale and 141 active for-lease listings in Muskegon, 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: 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 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
