Commercial Real Estate Market in Wellston, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
16 active listings and 75 off-market properties in Wellston, MI.
Market Trends
Wellston, MI spans 80.8 square miles in Manistee County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Wellston, 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 Wellston, MI asks $117/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 Wellston, 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 Wellston, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Wellston, MI has 1,540 residents in 1,611 households. Density runs 19 people per square mile. Median household income here is $62,138 and median gross rent $763 a month.
1,540
Population
1,611
Households
1
Avg Household Size
54
Median Age
22%
College-Educated
86%
High-School Grad
80.8 sq mi
ZIP Area
19
Density / Sq Mi
$62,138
Median Household Income
$40,547
Median Earnings
$763
Median Rent
$141,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Brethren | — | — |
| Kaleva | — | — |
| Peacock | — | — |
| Harrietta | — | — |
Commercial property in Wellston, MI asks $686/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Wellston?
Commercial property in Wellston, MI asks an average of $686 per square foot. Retail carries the highest asking price at $117/SF.
Where does Realmo's Wellston market data come from?
Realmo compiles Wellston, MI figures from 2 recent recorded sales, 16 active sale listings, 75 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 16 active for-sale and 0 active for-lease listings in Wellston, 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
