Commercial Real Estate Market in Mt Pleasant, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
149 active listings and 2,304 off-market properties in Mt Pleasant, WI. Commercial property asks $142/SF to buy and $15.45/SF/Yr to lease.
Market Trends
Mt Pleasant, WI spans 65.7 square miles in Racine County, Wisconsin. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Mt Pleasant, 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 Mt Pleasant, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Mt Pleasant, 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 Mt Pleasant, WI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Mt Pleasant, WI has 102,922 residents in 42,695 households. Density runs 1,567 people per square mile. Median household income here is $66,059 and median gross rent $1,011 a month.
102,922
Population
42,695
Households
2.4
Avg Household Size
39
Median Age
25%
College-Educated
89%
High-School Grad
65.7 sq mi
ZIP Area
1,567
Density / Sq Mi
$66,059
Median Household Income
$40,911
Median Earnings
$1,011
Median Rent
$190,651
Median Home Value
Tools
Lease vs Buy Breakeven
At $15.45/SF/Yr lease vs $142/SF buy → buying wins if held > 1.2 years.
At a 10.8% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Racine | — | $15.45 |
| Sturtevant | — | — |
| Kenosha | — | $18.49 |
Commercial property in Mt Pleasant, WI asks $142/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Mt Pleasant?
Commercial property in Mt Pleasant, WI asks an average of $142 per square foot. The 8 most recent recorded sales traded at a median of $113/SF, so asking sits 27% above the achieved median.
How much does it cost to lease commercial space in Mt Pleasant?
Asking lease rates in Mt Pleasant, WI average $15.45 per square foot per year.
Is it cheaper to lease or buy commercial space in Mt Pleasant?
Buying beats leasing in Mt Pleasant, WI if the property is held longer than 1.2 years, comparing $15.45/SF/Yr asking rent with $142/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Mt Pleasant market data come from?
Realmo compiles Mt Pleasant, WI figures from 8 recent recorded sales, 106 active sale listings, 43 active lease listings, 2,304 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 October 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 106 active for-sale and 43 active for-lease listings in Mt Pleasant, 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
