Commercial Real Estate Market in Ontonagon, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
4 active listings and 527 off-market properties in Ontonagon, MI.
Market Trends
Ontonagon, MI spans 464.9 square miles in Ontonagon County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Ontonagon, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Ontonagon, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Ontonagon, 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 vacancy in Ontonagon, MI 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 51.5%
- Commercial 33.9%
- Industrial 14.7%
Largest Zones share of zoned land by district
Ontonagon, MI zones 2,450 acres across 7 districts. Commercial zoning covers 33.9% of zoned land, residential 51.5% and industrial 14.7%. The largest single district is Residential at 37.8%. For commercial buyers the practical constraint is that only 48.5% of land carries a commercial or industrial designation.
The R-1 Residential district (R-1) provides for single-family residential development and open space preservation development (also conservation subdivision and cluster development) in areas that transition to open and wooded areas in the neighboring Township. This district is meant to support a more rural setting preserving natural landscape features and op…
Market overview
Demographics & Economy
Ontonagon, MI has 2,541 residents in 1,909 households. Density runs 5 people per square mile. Median household income here is $55,647 and median gross rent $557 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Ontonagon?
What zoning applies to commercial property in Ontonagon?
Where does Realmo's Ontonagon market data come from?
Methodology & data sources
- Asking prices and medians
- There are 4 active for-sale and 0 active for-lease listings in Ontonagon, MI. The sale median is based on 3 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: 2,450 zoned acres across 7 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
