Commercial Real Estate Market in Bayfield, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
21 active listings and 226 off-market properties in Bayfield, WI.
Market Trends
Bayfield, WI spans 152.5 square miles in Bayfield County, Wisconsin. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Bayfield, WI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Bayfield, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Bayfield, WI 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 Bayfield, WI 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
- Residential 58.2%
- Commercial 11.6%
Largest Zones share of zoned land by district
Residential
Conservancy
General Commercial And Conservancy
General Commercial
Residential
Residential (R-1)
Residential Zone (R-1 and R-2) signs. § 500-56 Signs in Commercial and Waterfront Zones. § 500-57 Conservancy Zone signs. § 500-58 Temporary signs. § 500-59 Permits and fees. § 500-60 Inspections; removal; abandoned signs.
Market overview
Demographics & Economy
Bayfield, WI has 2,985 residents in 1,902 households. Density runs 20 people per square mile. Median household income here is $62,813 and median gross rent $628 a month.
2,985
Population
1,902
Households
1.6
Avg Household Size
46
Median Age
35%
College-Educated
95%
High-School Grad
152.5 sq mi
ZIP Area
20
Density / Sq Mi
$62,813
Median Household Income
$26,583
Median Earnings
$628
Median Rent
$235,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Red Cliff | — | — |
| Washburn | — | — |
| La Pointe | — | — |
| Cornucopia | — | — |
Commercial property in Bayfield, WI asks $387/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Bayfield?
Commercial property in Bayfield, WI asks an average of $387 per square foot.
Where does Realmo's Bayfield market data come from?
Realmo compiles Bayfield, WI figures from 20 active sale listings, 1 active lease listings, 226 tracked off-market properties, the current Bayfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 20 active for-sale and 1 active for-lease listings in Bayfield, WI. 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: 558 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
