Commercial Real Estate Market in Evansville, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 200 off-market properties in Evansville, WI.
Market Trends
Evansville, WI spans 88.9 square miles in Rock County, Wisconsin. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Evansville, 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 Evansville, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Evansville, 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 Evansville, 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
- Industrial 44.5%
- Residential 40.4%
- Agricultural 8.7%
- Commercial 5.2%
- Special 1.1%
Largest Zones share of zoned land by district
Residential District 1
Heavy Industrial District
Agricultural District
Lowland Conservancy District
Residential District 2
Evansville, WI zones 2,126 acres across 16 districts. Commercial zoning covers 5.2% of zoned land, residential 40.4% and industrial 44.5%. The largest single district is Residential District 1 at 32.7%. For commercial buyers the practical constraint is that only 49.7% of land carries a commercial or industrial designation.
Heavy Industrial District (I-2)
DIVISION 23. HEAVY INDUSTRIAL DISTRICT (I-2)* Sec. 130-1181. Intent and purpose. (a) Description. The I -2 district is intended to permit both large and small scale industrial and office development at an intensity which provides ample incentive for infill development and redevelopment of industrial areas existing as of the effective date of the ordinance fr…
Market overview
Demographics & Economy
Evansville, WI has 9,051 residents in 4,092 households. Density runs 102 people per square mile. Median household income here is $83,944 and median gross rent $927 a month.
9,051
Population
4,092
Households
2.2
Avg Household Size
40
Median Age
33%
College-Educated
96%
High-School Grad
88.9 sq mi
ZIP Area
102
Density / Sq Mi
$83,944
Median Household Income
$54,046
Median Earnings
$927
Median Rent
$274,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Brooklyn | — | — |
| Albany | — | — |
| Footville | — | — |
| Stoughton | — | — |
Commercial property in Evansville, WI asks $575/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Evansville?
Commercial property in Evansville, WI asks an average of $575 per square foot. The 6 most recent recorded sales traded at a median of $169/SF, so asking sits 239% above the achieved median.
What zoning applies to commercial property in Evansville?
Evansville, WI zones 2,126 acres across 16 districts, of which 5.2% is commercial and 44.5% industrial. The largest single district is Residential District 1 at 32.7% of zoned land. Residential zoning covers 40.4% and open space 0%.
Where does Realmo's Evansville market data come from?
Realmo compiles Evansville, WI figures from 7 recent recorded sales, 4 active sale listings, 2 active lease listings, 200 tracked off-market properties, the current Evansville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 2 active for-lease listings in Evansville, 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: 2,126 zoned acres across 16 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
