Commercial Real Estate Market in Milltown, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 100 off-market properties in Milltown, WI.
Market Trends
Milltown, WI spans 17.6 square miles in Polk County, Wisconsin. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Milltown, 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 Milltown, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Milltown, 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 Milltown, 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 66.9%
- Civic 17.7%
- Commercial 9.3%
- Industrial 5.7%
- Open space 0.5%
Largest Zones share of zoned land by district
Rural Development
Public Institutional
Single Family
Highway Commercial
General Industrial
Milltown, WI zones 1,178 acres across 10 districts. Commercial zoning covers 9.3% of zoned land, residential 66.9%, open space 0.5% and industrial 5.7%. The largest single district is Rural Development at 50%. For commercial buyers the practical constraint is that only 15% of land carries a commercial or industrial designation.
Rural Development (RD)
SEC. 13-1-27 RD RURAL DEVELOPMENT DISTRICT. (a) Permitted Uses and Structures. Single-family residences, parks, open spaces, agriculture and general farming (except farms feeding offal or garbage and mink farms) dairying, livestock raising, truck farming, forestry, poultry raising, cemeteries, municipal service functions and structures, pumping stations, qua…
Market overview
Demographics & Economy
Milltown, WI has 1,493 residents in 1,053 households. Density runs 85 people per square mile. Median household income here is $51,466 and median gross rent $688 a month.
1,493
Population
1,053
Households
1.4
Avg Household Size
50
Median Age
22%
College-Educated
93%
High-School Grad
17.6 sq mi
ZIP Area
85
Density / Sq Mi
$51,466
Median Household Income
$29,677
Median Earnings
$688
Median Rent
$208,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Luck | — | — |
| Balsam Lake | — | — |
| Centuria | — | — |
| Frederic | — | — |
Commercial property in Milltown, WI asks $11/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Milltown?
Commercial property in Milltown, WI asks an average of $11 per square foot.
What zoning applies to commercial property in Milltown?
Milltown, WI zones 1,178 acres across 10 districts, of which 9.3% is commercial and 5.7% industrial. The largest single district is Rural Development at 50% of zoned land. SEC. 13-1-27 RD RURAL DEVELOPMENT DISTRICT. (a) Permitted Uses and Structures. Single-family residences, parks, open spaces, agriculture and general farming (except farms feeding offal or garbage and mink farms) dairying, livestock raising, truck farming, forestry, poultry raising, cemeteries, municipal service functions and structures, pumping stations, qua… Residential zoning covers 66.9% and open space 0.5%.
Where does Realmo's Milltown market data come from?
Realmo compiles Milltown, WI figures from 8 recent recorded sales, 1 active sale listings, 100 tracked off-market properties, the current Milltown zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Milltown, 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: 1,178 zoned acres across 10 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
