Commercial Real Estate Market in Elkhorn, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
12 active listings and 704 off-market properties in Elkhorn, WI.
Market Trends
Elkhorn, WI spans 114.4 square miles in Walworth County, Wisconsin. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Elkhorn, WI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Elkhorn, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Elkhorn, 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%.
Multifamily
Multifamily vacancy in Elkhorn, WI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 30.4%
- Industrial 18.3%
- Commercial 14.2%
- Civic 13%
- Mixed use 12.2%
- Agricultural 7.2%
- Open space 4.8%
Largest Zones share of zoned land by district
The purpose of RS-1 zone is to provide single family residential development on lots at densities not to exceed 5.4 dwelling units per net acre served by municipal sewer and water facilities
Market overview
Demographics & Economy
Elkhorn, WI has 19,222 residents in 8,397 households. Density runs 168 people per square mile. Median household income here is $83,635 and median gross rent $1,031 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Delavan | $155 | $13.38 |
| Lake Geneva | $395 | $18.77 |
| Darien | $130 | — |
Commercial property in Elkhorn, WI asks $133/SF. The 3 bordering markets run from $130/SF in Darien to $395/SF in Lake Geneva, and the city sits below their $155/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Elkhorn?
How does Elkhorn compare to nearby markets on price?
Where does Realmo's Elkhorn market data come from?
Methodology & data sources
- Asking prices and medians
- There are 10 active for-sale and 2 active for-lease listings in Elkhorn, WI. The sale median is based on 4 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 4,500 zoned acres across 21 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
