Commercial Real Estate Market in Elkhorn, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
32 active listings and 704 off-market properties in Elkhorn, WI. Commercial property asks $38/SF to buy and $13.31/SF/Yr to lease.
Market Trends
Elkhorn, WI spans 114.4 square miles in Walworth County, Wisconsin. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Elkhorn, 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 Elkhorn, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Elkhorn, 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 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
Single Family Residence District
Institutional District
Predominantly Residential Mixed Use District
General Manufacturing District
Agriculture Holding District
Single Family Residence District (RS-1)
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.
19,222
Population
8,397
Households
2.3
Avg Household Size
42
Median Age
33%
College-Educated
94%
High-School Grad
114.4 sq mi
ZIP Area
168
Density / Sq Mi
$83,635
Median Household Income
$45,112
Median Earnings
$1,031
Median Rent
$287,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Delavan | — | $18.60 |
| Williams Bay | — | — |
| Springfield | — | — |
| Lake Geneva | — | $18.85 |
Commercial property in Elkhorn, WI asks $38/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Elkhorn?
Commercial property in Elkhorn, WI asks an average of $38 per square foot.
How much does it cost to lease commercial space in Elkhorn?
Asking lease rates in Elkhorn, WI average $13.31 per square foot per year.
Where does Realmo's Elkhorn market data come from?
Realmo compiles Elkhorn, WI figures from 5 recent recorded sales, 30 active sale listings, 2 active lease listings, 704 tracked off-market properties, the current Elkhorn zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 30 active for-sale and 2 active for-lease listings in Elkhorn, 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: 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 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
