Commercial Real Estate Market in Phillips, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
58 active listings and 317 off-market properties in Phillips, WI.
Market Trends
Phillips, WI spans 364.2 square miles in Price County, Wisconsin. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Phillips, 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 Phillips, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Phillips, 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 Phillips, 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
- Industrial 50.1%
- Residential 35.7%
- Commercial 9.2%
Largest Zones share of zoned land by district
Single Family Residential
Industrial
Agricultural
Commercial
Conservancy
Phillips, WI zones 1,677 acres across 7 districts. Commercial zoning covers 9.2% of zoned land, residential 35.7% and industrial 50.1%. The largest single district is Single Family Residential at 33%. For commercial buyers the practical constraint is that only 59.3% of land carries a commercial or industrial designation.
Single Family Residential (R1)
This district provides for one family and 2 family year round residential development protected from traffic hazards and the intrusion of incompatible land uses, is intended to encourage such development around existing residential areas where soil conditions are suitable for such development and in those areas which can be economically and readily served by…
Market overview
Demographics & Economy
Phillips, WI has 4,887 residents in 3,553 households. Density runs 13 people per square mile. Median household income here is $58,613 and median gross rent $836 a month.
4,887
Population
3,553
Households
1.4
Avg Household Size
52
Median Age
23%
College-Educated
95%
High-School Grad
364.2 sq mi
ZIP Area
13
Density / Sq Mi
$58,613
Median Household Income
$38,094
Median Earnings
$836
Median Rent
$172,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Worcester | — | — |
| Fifield | — | — |
| Prentice | — | — |
| Park Falls | — | — |
Commercial property in Phillips, WI asks $3/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Phillips?
Commercial property in Phillips, WI asks an average of $3 per square foot.
What zoning applies to commercial property in Phillips?
Phillips, WI zones 1,677 acres across 7 districts, of which 9.2% is commercial and 50.1% industrial. The largest single district is Single Family Residential at 33% of zoned land. This district provides for one family and 2 family year round residential development protected from traffic hazards and the intrusion of incompatible land uses, is intended to encourage such development around existing residential areas where soil conditions are suitable for such development and in those areas which can be economically and readily served by… Residential zoning covers 35.7% and open space 0%.
Where does Realmo's Phillips market data come from?
Realmo compiles Phillips, WI figures from 5 recent recorded sales, 58 active sale listings, 317 tracked off-market properties, the current Phillips zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 58 active for-sale and 0 active for-lease listings in Phillips, 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: 1,677 zoned acres across 7 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
