Commercial Real Estate Market in Hurley, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
12 active listings and 298 off-market properties in Hurley, WI.
Market Trends
Hurley, WI spans 134.7 square miles in Iron County, Wisconsin. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hurley, 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 Hurley, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Hurley, 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 Hurley, 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 53.4%
- Industrial 33.9%
- Commercial 11%
Largest Zones share of zoned land by district
Single Family Residential
Industrial
General Commercial
Multifamily Residential
Light Industrial
Hurley, WI zones 1,852 acres across 6 districts. Commercial zoning covers 11% of zoned land, residential 53.4% and industrial 33.9%. The largest single district is Single Family Residential at 47.1%. For commercial buyers the practical constraint is that only 44.9% of land carries a commercial or industrial designation.
Single Family Residential (R-1)
The intent of this district is to provide the opportunity for construction and maintenance of primarily single family detached dwelling units at a medium dwelling unit per acre density. It particularly reflects older neighborhoods in the City of Hurley.
Market overview
Demographics & Economy
Hurley, WI has 2,481 residents in 1,719 households. Density runs 18 people per square mile. Median household income here is $53,889 and median gross rent $634 a month.
2,481
Population
1,719
Households
1.4
Avg Household Size
53
Median Age
20%
College-Educated
95%
High-School Grad
134.7 sq mi
ZIP Area
18
Density / Sq Mi
$53,889
Median Household Income
$36,027
Median Earnings
$634
Median Rent
$108,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ironwood | — | — |
| Montreal | — | — |
| Bessemer | — | — |
| Iron Belt | — | — |
Commercial property in Hurley, WI asks $555/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hurley?
Commercial property in Hurley, WI asks an average of $555 per square foot.
What zoning applies to commercial property in Hurley?
Hurley, WI zones 1,852 acres across 6 districts, of which 11% is commercial and 33.9% industrial. The largest single district is Single Family Residential at 47.1% of zoned land. The intent of this district is to provide the opportunity for construction and maintenance of primarily single family detached dwelling units at a medium dwelling unit per acre density. It particularly reflects older neighborhoods in the City of Hurley. Residential zoning covers 53.4% and open space 0%.
Where does Realmo's Hurley market data come from?
Realmo compiles Hurley, WI figures from 7 recent recorded sales, 12 active sale listings, 298 tracked off-market properties, the current Hurley zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 12 active for-sale and 0 active for-lease listings in Hurley, 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: 1,852 zoned acres across 6 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
