Commercial Real Estate Market in Negaunee, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
19 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 October 2026.
Office
Office vacancy in Negaunee, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Negaunee, MI has a median asking sale price of $106/SF (based on 6 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily space in Negaunee, MI has a median asking sale price of $97/SF (based on 4 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 37.4%
- Open space 11.7%
- Commercial 8%
- Industrial 4.4%
Largest Zones share of zoned land by district
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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Ishpeming | $65 | $12.00 |
| Marquette | $183 | $19.00 |
Commercial property in Negaunee, MI asks $97/SF. The 2 bordering markets run from $65/SF in Ishpeming to $183/SF in Marquette, and the city sits below their $124/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Negaunee?
How does Negaunee compare to nearby markets on price?
Where does Realmo's Negaunee market data come from?
Methodology & data sources
- Asking prices and medians
- There are 16 active for-sale and 3 active for-lease listings in Negaunee, MI. The sale median is based on 11 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: 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 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
