Commercial Real Estate Market in Wall, SD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 79 off-market properties in Wall, SD.
Market Trends
Wall, SD spans 735.9 square miles in Pennington County, South Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Wall, SD runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Wall, SD runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Wall, SD 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 Wall, SD 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
- Agricultural 37.4%
- Residential 22.9%
- Industrial 20.3%
- Commercial 17.7%
- Planned_development 1.7%
Largest Zones share of zoned land by district
Agricultural
Residential
Industrial
Commercial
Planned Unit Development
Agricultural (GAD)
The purpose of A district is to promote agricultural and related uses.
Market overview
Demographics & Economy
Wall, SD has 1,056 residents in 512 households. Density runs 1 people per square mile. Median household income here is $73,077 and median gross rent $532 a month.
1,056
Population
512
Households
2.1
Avg Household Size
42
Median Age
24%
College-Educated
98%
High-School Grad
735.9 sq mi
ZIP Area
1
Density / Sq Mi
$73,077
Median Household Income
$38,750
Median Earnings
$532
Median Rent
$187,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Quinn | — | — |
| Elm Springs | — | — |
| Conata | — | — |
| Owanka | — | — |
Commercial property in Wall, SD asks $93/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Wall?
Commercial property in Wall, SD asks an average of $93 per square foot.
Where does Realmo's Wall market data come from?
Realmo compiles Wall, SD figures from 1 active sale listings, 79 tracked off-market properties, the current Wall zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Wall, SD. 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: 2,203 zoned acres across 5 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
