Commercial Real Estate Market in Tawas City, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
32 active listings and 300 off-market properties in Tawas City, MI.
Market Trends
Tawas City, MI spans 88.9 square miles in Iosco County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Tawas City, 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 Tawas City, MI asks $135/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 Tawas City, 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 Tawas City, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Tawas City, MI has 4,949 residents in 3,007 households. Density runs 56 people per square mile. Median household income here is $58,160 and median gross rent $851 a month.
4,949
Population
3,007
Households
1.6
Avg Household Size
53
Median Age
22%
College-Educated
90%
High-School Grad
88.9 sq mi
ZIP Area
56
Density / Sq Mi
$58,160
Median Household Income
$38,624
Median Earnings
$851
Median Rent
$154,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| East Tawas | — | — |
| National City | — | — |
| Au Sable | — | — |
| Whittemore | — | — |
Commercial property in Tawas City, MI asks $568/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Tawas City?
Commercial property in Tawas City, MI asks an average of $568 per square foot. Retail carries the highest asking price at $135/SF.
Where does Realmo's Tawas City market data come from?
Realmo compiles Tawas City, MI figures from 6 recent recorded sales, 32 active sale listings, 300 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 32 active for-sale and 0 active for-lease listings in Tawas City, 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
