Commercial Real Estate Market in Pellston, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
8 active listings and 162 off-market properties in Pellston, MI.
Market Trends
Pellston, MI spans 57.0 square miles in Emmet County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Pellston, 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 Pellston, MI asks $224/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 Pellston, 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 Pellston, 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 41.6%
- Industrial 16.9%
- Commercial 8.3%
- Planned_development 3.3%
- Mixed use 2%
Largest Zones share of zoned land by district
Scenic Resource
Suburban Residential
Light Industrial
Village Residential
Highway Commercial
Scenic Resource (SR-1)
This district is designed to promote the use of the wooded area of the Village in a manner that will retain the basic attractiveness of the natural resources.
Market overview
Demographics & Economy
Pellston, MI has 1,642 residents in 928 households. Density runs 29 people per square mile. Median household income here is $64,792 and median gross rent $989 a month.
1,642
Population
928
Households
1.8
Avg Household Size
43
Median Age
24%
College-Educated
96%
High-School Grad
57 sq mi
ZIP Area
29
Density / Sq Mi
$64,792
Median Household Income
$33,346
Median Earnings
$989
Median Rent
$152,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Brutus | — | — |
| Levering | — | — |
| Alanson | — | — |
| Burt Lake | — | — |
Commercial property in Pellston, MI asks $176/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Pellston?
Commercial property in Pellston, MI asks an average of $176 per square foot. Retail carries the highest asking price at $224/SF.
Where does Realmo's Pellston market data come from?
Realmo compiles Pellston, MI figures from 5 recent recorded sales, 8 active sale listings, 162 tracked off-market properties, the current Pellston zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 8 active for-sale and 0 active for-lease listings in Pellston, 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: 1,248 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 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
