Commercial Real Estate Market in Kiel, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 262 off-market properties in Kiel, WI.
Market Trends
Kiel, WI spans 62.0 square miles in Manitowoc County, Wisconsin. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Kiel, 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 Kiel, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Kiel, 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 Kiel, 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 39.5%
- Industrial 36.6%
- Commercial 19.8%
- Planned_development 4%
Largest Zones share of zoned land by district
Residential District
Limited Industrial District
Conservancy District
General Industrial District
Residential District
Kiel, WI zones 1,658 acres across 11 districts. Commercial zoning covers 19.8% of zoned land, residential 39.5% and industrial 36.6%. The largest single district is Residential District at 27.2%. For commercial buyers the practical constraint is that only 56.4% of land carries a commercial or industrial designation.
Residential District (R-1)
This district is intended to accommodate single family residential development
Market overview
Demographics & Economy
Kiel, WI has 6,886 residents in 3,034 households. Density runs 111 people per square mile. Median household income here is $86,118 and median gross rent $824 a month.
6,886
Population
3,034
Households
2.3
Avg Household Size
45
Median Age
19%
College-Educated
91%
High-School Grad
62 sq mi
ZIP Area
111
Density / Sq Mi
$86,118
Median Household Income
$52,964
Median Earnings
$824
Median Rent
$223,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| New Holstein | — | — |
| Elkhart Lake | — | — |
| Glenbeulah | — | — |
| Saint Nazianz | — | — |
Commercial property in Kiel, WI asks $442/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Kiel?
Commercial property in Kiel, WI asks an average of $442 per square foot.
What zoning applies to commercial property in Kiel?
Kiel, WI zones 1,658 acres across 11 districts, of which 19.8% is commercial and 36.6% industrial. The largest single district is Residential District at 27.2% of zoned land. This district is intended to accommodate single family residential development Residential zoning covers 39.5% and open space 0%.
Where does Realmo's Kiel market data come from?
Realmo compiles Kiel, WI figures from 5 recent recorded sales, 5 active sale listings, 262 tracked off-market properties, the current Kiel zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 0 active for-lease listings in Kiel, 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: 1,658 zoned acres across 11 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
