Commercial Real Estate Market in Merrill, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
49 active listings and 235 off-market properties in Merrill, WI. Commercial property asks $11/SF to buy and $18.00/SF/Yr to lease.
Market Trends
Merrill, WI spans 438.0 square miles in Lincoln County, Wisconsin. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Merrill, 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 Merrill, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Merrill, 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 Merrill, 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 44.1%
- Open space 25.4%
- Industrial 17%
- Commercial 9.3%
- Planned_development 2.3%
Largest Zones share of zoned land by district
Park Recreation And Public
Industrial
Rural Development
Residential 1
Residential 2
Merrill, WI zones 4,114 acres across 13 districts. Commercial zoning covers 9.3% of zoned land, residential 44.1%, open space 25.4% and industrial 17%. The largest single district is Park Recreation And Public at 25.4%. For commercial buyers the practical constraint is that only 26.3% of land carries a commercial or industrial designation.
Park Recreation And Public (PR-P)
The purpose of this district is to provide a location for all buildings and areas public in nature and owned by the public, municipalities, or nonprofit organizations representing a segment of the public.
Market overview
Demographics & Economy
Merrill, WI has 18,851 residents in 9,181 households. Density runs 43 people per square mile. Median household income here is $65,522 and median gross rent $777 a month.
18,851
Population
9,181
Households
2.1
Avg Household Size
46
Median Age
19%
College-Educated
93%
High-School Grad
438 sq mi
ZIP Area
43
Density / Sq Mi
$65,522
Median Household Income
$41,744
Median Earnings
$777
Median Rent
$162,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Brokaw | — | — |
| Wausau | — | $14.31 |
| Skanawan | — | — |
Commercial property in Merrill, WI asks $11/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Merrill?
Commercial property in Merrill, WI asks an average of $11 per square foot.
How much does it cost to lease commercial space in Merrill?
Asking lease rates in Merrill, WI average $18.00 per square foot per year.
What zoning applies to commercial property in Merrill?
Merrill, WI zones 4,114 acres across 13 districts, of which 9.3% is commercial and 17% industrial. The largest single district is Park Recreation And Public at 25.4% of zoned land. The purpose of this district is to provide a location for all buildings and areas public in nature and owned by the public, municipalities, or nonprofit organizations representing a segment of the public. Residential zoning covers 44.1% and open space 25.4%.
Where does Realmo's Merrill market data come from?
Realmo compiles Merrill, WI figures from 46 active sale listings, 3 active lease listings, 235 tracked off-market properties, the current Merrill zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 46 active for-sale and 3 active for-lease listings in Merrill, 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: 4,114 zoned acres across 13 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
