Commercial Real Estate Market in Prudenville, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
56 active listings and 383 off-market properties in Prudenville, MI. Commercial property asks $148/SF to buy and $10.00/SF/Yr to lease.
Market Trends
Prudenville, MI spans 71.0 square miles in Roscommon County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Prudenville, 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 Prudenville, MI asks $75/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 Prudenville, 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 Prudenville, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Prudenville, MI has 4,396 residents in 3,825 households. Density runs 62 people per square mile. Median household income here is $42,938 and median gross rent $797 a month.
4,396
Population
3,825
Households
1.1
Avg Household Size
56
Median Age
19%
College-Educated
92%
High-School Grad
71 sq mi
ZIP Area
62
Density / Sq Mi
$42,938
Median Household Income
$32,917
Median Earnings
$797
Median Rent
$156,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Houghton Lake | — | $17.15 |
| Houghtn Lake Ht | — | — |
| Saint Helen | — | — |
| Higgins Lake | — | — |
Commercial property in Prudenville, MI asks $148/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Prudenville?
Commercial property in Prudenville, MI asks an average of $148 per square foot. Retail carries the highest asking price at $75/SF.
How much does it cost to lease commercial space in Prudenville?
Asking lease rates in Prudenville, MI average $10.00 per square foot per year.
Where does Realmo's Prudenville market data come from?
Realmo compiles Prudenville, MI figures from 6 recent recorded sales, 54 active sale listings, 2 active lease listings, 383 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 54 active for-sale and 2 active for-lease listings in Prudenville, 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
