Commercial Real Estate Market in Negaunee, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
28 active listings and 729 off-market properties in Negaunee, MI.
Market Trends
Negaunee, MI spans 201.3 square miles in Marquette County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Negaunee, 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 Negaunee, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Negaunee, 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 Negaunee, MI asks $108/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 37.4%
- Open space 11.7%
- Commercial 8%
- Industrial 4.4%
Largest Zones share of zoned land by district
Mining
Rural Residential
Residential Two
Natural Resources
Business Two
Mining (MIN)
The Mining District is intended to accommodate uses associated with ore mining, excavation or extractive processing
Market overview
Demographics & Economy
Negaunee, MI has 8,259 residents in 3,723 households. Density runs 41 people per square mile. Median household income here is $83,433 and median gross rent $900 a month.
8,259
Population
3,723
Households
2.2
Avg Household Size
41
Median Age
34%
College-Educated
96%
High-School Grad
201.3 sq mi
ZIP Area
41
Density / Sq Mi
$83,433
Median Household Income
$47,467
Median Earnings
$900
Median Rent
$191,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ishpeming | — | — |
| Marquette | — | $14.61 |
| Harvey | — | — |
| Princeton | — | — |
Commercial property in Negaunee, MI asks $178/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Negaunee?
Commercial property in Negaunee, MI asks an average of $178 per square foot. Multifamily carries the highest asking price at $108/SF.
Where does Realmo's Negaunee market data come from?
Realmo compiles Negaunee, MI figures from 2 recent recorded sales, 26 active sale listings, 2 active lease listings, 729 tracked off-market properties, the current Negaunee zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 26 active for-sale and 2 active for-lease listings in Negaunee, 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: 9,372 zoned acres across 9 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
