Commercial Real Estate Market in Presque Isle, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
70 active listings and 99 off-market properties in Presque Isle, MI.
Market Trends
Presque Isle, MI spans 53.8 square miles in Presque Isle County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Presque Isle, 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 Presque Isle, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Presque Isle, 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 Presque Isle, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Presque Isle, MI has 1,672 residents in 1,815 households. Density runs 31 people per square mile. Median household income here is $85,781 and median gross rent $867 a month.
1,672
Population
1,815
Households
0.9
Avg Household Size
61
Median Age
34%
College-Educated
98%
High-School Grad
53.8 sq mi
ZIP Area
31
Density / Sq Mi
$85,781
Median Household Income
$46,731
Median Earnings
$867
Median Rent
$220,700
Median Home Value
Tools
Nearby Markets
Commercial property in Presque Isle, MI asks $4,389/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Presque Isle?
Commercial property in Presque Isle, MI asks an average of $4,389 per square foot.
Methodology & data sources
- Asking prices and averages
- Computed from 70 active for-sale and 0 active for-lease listings in Presque Isle, 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
