Commercial Real Estate Market in Manitowoc, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
73 active listings and 1,327 off-market properties in Manitowoc, WI. Commercial property asks $20/SF to buy and $11.78/SF/Yr to lease.
Market Trends
Manitowoc, WI spans 98.7 square miles in Manitowoc County, Wisconsin. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Manitowoc, 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 Manitowoc, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Manitowoc, 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 Manitowoc, 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 47.5%
- Industrial 32.1%
- Commercial 6.6%
- Civic 0.7%
Largest Zones share of zoned land by district
Single And Two Family District
Light Industrial District
Conservancy District
Single Family District
Heavy Industrial District
Manitowoc, WI zones 11,681 acres across 15 districts. Commercial zoning covers 6.6% of zoned land, residential 47.5% and industrial 32.1%. The largest single district is Single And Two Family District at 18.8%. For commercial buyers the practical constraint is that only 38.7% of land carries a commercial or industrial designation.
Conservancy District (P-1)
Chapter 15 COMPREHENSIVE ZONING ORDINANCE Chapter 15 COMPREHENSIVE ZONING ORDINANCE Sections: 15.010 Title and Purpose 15.030 Definitions 15.050 Zoning Districts 15.070 P-1, Conservancy District 15.090 R-1, Residential-Agricultural District 15.110 R-2, Single-Family District 15.130 R-3, Single-Family District 15.150 R-4, Single- and Two-Family District 15.17…
Market overview
Demographics & Economy
Manitowoc, WI has 40,737 residents in 18,942 households. Density runs 413 people per square mile. Median household income here is $65,188 and median gross rent $790 a month.
40,737
Population
18,942
Households
2.2
Avg Household Size
44
Median Age
24%
College-Educated
91%
High-School Grad
98.7 sq mi
ZIP Area
413
Density / Sq Mi
$65,188
Median Household Income
$40,791
Median Earnings
$790
Median Rent
$159,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Two Rivers | — | — |
| Newton | — | — |
| Francis Creek | — | — |
| Whitelaw | — | — |
Commercial property in Manitowoc, WI asks $20/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Manitowoc?
Commercial property in Manitowoc, WI asks an average of $20 per square foot. The 5 most recent recorded sales traded at a median of $89/SF.
How much does it cost to lease commercial space in Manitowoc?
Asking lease rates in Manitowoc, WI average $11.78 per square foot per year.
What zoning applies to commercial property in Manitowoc?
Manitowoc, WI zones 11,681 acres across 15 districts, of which 6.6% is commercial and 32.1% industrial. The largest single district is Single And Two Family District at 18.8% of zoned land. Residential zoning covers 47.5% and open space 0%.
Where does Realmo's Manitowoc market data come from?
Realmo compiles Manitowoc, WI figures from 6 recent recorded sales, 62 active sale listings, 11 active lease listings, 1,327 tracked off-market properties, the current Manitowoc zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 62 active for-sale and 11 active for-lease listings in Manitowoc, 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: 11,681 zoned acres across 15 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
