Commercial Real Estate Market in Lake Mills, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
19 active listings and 261 off-market properties in Lake Mills, WI.
Market Trends
Lake Mills, WI spans 39.6 square miles in Jefferson County, Wisconsin. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lake Mills, 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 Lake Mills, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Lake Mills, 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 Lake Mills, WI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Lake Mills, WI has 8,920 residents in 4,048 households. Density runs 226 people per square mile. Median household income here is $89,841 and median gross rent $1,089 a month.
8,920
Population
4,048
Households
2.2
Avg Household Size
41
Median Age
45%
College-Educated
96%
High-School Grad
39.6 sq mi
ZIP Area
226
Density / Sq Mi
$89,841
Median Household Income
$53,503
Median Earnings
$1,089
Median Rent
$322,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Johnson Creek | — | — |
| Jefferson | — | — |
| Cambridge | — | — |
| Waterloo | — | — |
Commercial property in Lake Mills, WI asks $143/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lake Mills?
Commercial property in Lake Mills, WI asks an average of $143 per square foot.
Where does Realmo's Lake Mills market data come from?
Realmo compiles Lake Mills, WI figures from 7 recent recorded sales, 16 active sale listings, 3 active lease listings, 261 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 3 active for-lease listings in Lake Mills, 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.
- 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
