Commercial Real Estate Market in Norton Shores, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
78 active listings and 935 off-market properties in Norton Shores, MI. Commercial property asks $32/SF to buy and $25.14/SF/Yr to lease.
Market Trends
Norton Shores, MI spans 71.7 square miles in Muskegon County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Norton Shores, 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 Norton Shores, 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 Norton Shores, 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 Norton Shores, 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
Market overview
Demographics & Economy
Norton Shores, MI has 82,894 residents in 37,902 households. Density runs 1,156 people per square mile. Median household income here is $65,980 and median gross rent $1,061 a month.
82,894
Population
37,902
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
94%
High-School Grad
71.7 sq mi
ZIP Area
1,156
Density / Sq Mi
$65,980
Median Household Income
$39,992
Median Earnings
$1,061
Median Rent
$206,884
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Muskegon Heights | — | — |
| Roosevelt Park | — | — |
| Fruitport | — | — |
| Ferrysburg | — | — |
Commercial property in Norton Shores, MI asks $32/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Norton Shores?
Commercial property in Norton Shores, MI asks an average of $32 per square foot. The 4 most recent recorded sales traded at a median of $147/SF. Multifamily carries the highest asking price at $239/SF.
How much does it cost to lease commercial space in Norton Shores?
Asking lease rates in Norton Shores, MI average $25.14 per square foot per year.
Where does Realmo's Norton Shores market data come from?
Realmo compiles Norton Shores, MI figures from 4 recent recorded sales, 59 active sale listings, 19 active lease listings, 935 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 59 active for-sale and 19 active for-lease listings in Norton Shores, 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.
- 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
