Commercial Real Estate Market in Northport, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
36 active listings and 152 off-market properties in Northport, MI.
Market Trends
Northport, MI spans 36.8 square miles in Leelanau County, Michigan. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Northport, 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 Northport, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Northport, 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 vacancy in Northport, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 46.5%
- Civic 25.8%
- Open space 21.8%
- Commercial 3.8%
- Mixed use 1.7%
- Planned_development 0.4%
Largest Zones share of zoned land by district
Village Residential
Conservation And Recreation
Rural Residential
Multi Use
Multifamily Development
Northport, MI zones 1,065 acres across 10 districts. Commercial zoning covers 3.8% of zoned land, residential 46.5% and open space 21.8%. The largest single district is Village Residential at 25.8%. For commercial buyers the practical constraint is that only 3.8% of land carries a commercial or industrial designation.
Village Residential (R-2)
R-2 VILLAGE RESIDENTIAL DISTRICT 8.1 INTENT AND PURPOSE. This district is intended for single-family and two-family residential uses, together with schools, churches, parks, and playgrounds. This district provides the main living area for the Village; therefore it is important that developments provide social interaction components such as sidewalks and park…
Market overview
Demographics & Economy
Northport, MI has 1,819 residents in 1,706 households. Density runs 49 people per square mile. Median household income here is $90,170 and median gross rent $1,375 a month.
1,819
Population
1,706
Households
1.1
Avg Household Size
63
Median Age
55%
College-Educated
97%
High-School Grad
36.8 sq mi
ZIP Area
49
Density / Sq Mi
$90,170
Median Household Income
$30,735
Median Earnings
$1,375
Median Rent
$455,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Peshawbestown | — | — |
| Ellsworth | — | — |
Commercial property in Northport, MI asks $5,454/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Northport?
Commercial property in Northport, MI asks an average of $5,454 per square foot.
What zoning applies to commercial property in Northport?
Northport, MI zones 1,065 acres across 10 districts, of which 3.8% is commercial and 0% industrial. The largest single district is Village Residential at 25.8% of zoned land. R-2 VILLAGE RESIDENTIAL DISTRICT 8.1 INTENT AND PURPOSE. This district is intended for single-family and two-family residential uses, together with schools, churches, parks, and playgrounds. This district provides the main living area for the Village; therefore it is important that developments provide social interaction components such as sidewalks and park… Residential zoning covers 46.5% and open space 21.8%.
Where does Realmo's Northport market data come from?
Realmo compiles Northport, MI figures from 36 active sale listings, 152 tracked off-market properties, the current Northport zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 36 active for-sale and 0 active for-lease listings in Northport, 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: 1,065 zoned acres across 10 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 30 September 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 30 September 2026 · report a data issue
