Commercial Real Estate Market in Racine, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
138 active listings and 2,303 off-market properties in Racine, WI. Commercial property asks $102/SF to buy and $13.75/SF/Yr to lease.
Market Trends
Racine, WI spans 58.1 square miles in Racine County, Wisconsin. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Racine, WI has a median asking sale price of $148/SF (based on 3 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Racine, WI has a median asking sale price of $81/SF. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Racine, 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%.
Multifamily
Multifamily space in Racine, WI has a median asking sale price of $107/SF. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 60.6%
- Industrial 23%
- Commercial 10.8%
- Civic 5.7%
Largest Zones share of zoned land by district
Racine, WI zones 8,137 acres across 26 districts. Commercial zoning covers 10.8% of zoned land, residential 60.6% and industrial 23%. The largest single district is Limited General Residence at 25%. For commercial buyers the practical constraint is that only 33.7% of land carries a commercial or industrial designation.
To provide areas which are to be occupied substantially by single-family and two-family dwellings and attached dwellings
Market overview
Demographics & Economy
Racine, WI has 128,061 residents in 55,789 households. Density runs 2,205 people per square mile. Median household income here is $67,425 and median gross rent $1,002 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Sturtevant | $200 | — |
| Kenosha | $142 | $15.21 |
Commercial property in Racine, WI asks $102/SF. The 2 bordering markets run from $142/SF in Kenosha to $200/SF in Sturtevant, and the city sits below their $171/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Racine?
How much does it cost to lease commercial space in Racine?
How does Racine compare to nearby markets on price?
What zoning applies to commercial property in Racine?
Where does Realmo's Racine market data come from?
Methodology & data sources
- Asking prices and medians
- There are 89 active for-sale and 49 active for-lease listings in Racine, WI. The medians are based on 47 of the for-sale and 18 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 8,137 zoned acres across 26 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 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
