Commercial Real Estate Market in Onekama, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
39 active listings and 79 off-market properties in Onekama, MI.
Market Trends
Onekama, MI spans 10.2 square miles in Manistee County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Onekama, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail space in Onekama, MI asks $117/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 Onekama, 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 Onekama, 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
- Commercial 100%
Largest Zones share of zoned land by district
Residential District
Commercial Residential District
Onekama, MI zones 374 acres across 2 districts. Commercial zoning covers 100% of zoned land. The largest single district is Residential District at 82.1%. For commercial buyers the practical constraint is that only 100% of land carries a commercial or industrial designation.
Residential District (R)
It is the intent of this district to provide for developed neighborhoods for residential and certain controlled retail and service businesses in certain parts of the Village, to promote a compatible arrangement of land uses for homes, and to keep neighborhoods relatively quiet and free from detrimental uses
Market overview
Demographics & Economy
Onekama, MI has 964 residents in 889 households. Density runs 94 people per square mile. Median household income here is $68,750 and median gross rent $725 a month.
964
Population
889
Households
1.1
Avg Household Size
57
Median Age
42%
College-Educated
99%
High-School Grad
10.2 sq mi
ZIP Area
94
Density / Sq Mi
$68,750
Median Household Income
$32,361
Median Earnings
$725
Median Rent
$272,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Pierport | — | — |
| Arcadia | — | — |
| Eastlake | — | — |
| Kaleva | — | — |
Commercial property in Onekama, MI asks $33/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Onekama?
Commercial property in Onekama, MI asks an average of $33 per square foot. Retail carries the highest asking price at $117/SF.
What zoning applies to commercial property in Onekama?
Onekama, MI zones 374 acres across 2 districts, of which 100% is commercial and 0% industrial. The largest single district is Residential District at 82.1% of zoned land. It is the intent of this district to provide for developed neighborhoods for residential and certain controlled retail and service businesses in certain parts of the Village, to promote a compatible arrangement of land uses for homes, and to keep neighborhoods relatively quiet and free from detrimental uses Residential zoning covers 0% and open space 0%.
Where does Realmo's Onekama market data come from?
Realmo compiles Onekama, MI figures from 39 active sale listings, 79 tracked off-market properties, the current Onekama zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 39 active for-sale and 0 active for-lease listings in Onekama, 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: 374 zoned acres across 2 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
