Commercial Real Estate Market in Ladysmith, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
36 active listings and 334 off-market properties in Ladysmith, WI.
Market Trends
Ladysmith, WI spans 190.4 square miles in Rusk County, Wisconsin. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Ladysmith, 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 Ladysmith, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Ladysmith, 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 Ladysmith, 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 58%
- Industrial 27.8%
- Commercial 9.6%
- Open space 3.8%
- Planned_development 0.8%
Largest Zones share of zoned land by district
One Family Residential District
Standard Industrial District
Commercial District
Two Family Residential District
Multifamily Residential District
Ladysmith, WI zones 3,033 acres across 9 districts. Commercial zoning covers 9.6% of zoned land, residential 58%, open space 3.8% and industrial 27.8%. The largest single district is One Family Residential District at 45.6%. For commercial buyers the practical constraint is that only 37.4% of land carries a commercial or industrial designation.
One Family Residential District (R-1)
The intent of R-1 district is to provide One Family Residential District
Market overview
Demographics & Economy
Ladysmith, WI has 5,784 residents in 3,132 households. Density runs 30 people per square mile. Median household income here is $55,328 and median gross rent $828 a month.
5,784
Population
3,132
Households
1.8
Avg Household Size
49
Median Age
19%
College-Educated
95%
High-School Grad
190.4 sq mi
ZIP Area
30
Density / Sq Mi
$55,328
Median Household Income
$34,756
Median Earnings
$828
Median Rent
$138,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Tony | — | — |
| Conrath | — | — |
| Bruce | — | — |
| Glen Flora | — | — |
Commercial property in Ladysmith, WI asks $154/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Ladysmith?
Commercial property in Ladysmith, WI asks an average of $154 per square foot.
What zoning applies to commercial property in Ladysmith?
Ladysmith, WI zones 3,033 acres across 9 districts, of which 9.6% is commercial and 27.8% industrial. The largest single district is One Family Residential District at 45.6% of zoned land. The intent of R-1 district is to provide One Family Residential District Residential zoning covers 58% and open space 3.8%.
Where does Realmo's Ladysmith market data come from?
Realmo compiles Ladysmith, WI figures from 6 recent recorded sales, 36 active sale listings, 334 tracked off-market properties, the current Ladysmith zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 36 active for-sale and 0 active for-lease listings in Ladysmith, 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: 3,033 zoned acres across 9 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
