Commercial Real Estate Market in Salem, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
31 active listings and 195 off-market properties in Salem, WI. Commercial property asks $2/SF to buy and $12.59/SF/Yr to lease.
Market Trends
Salem, WI spans 32.5 square miles in Kenosha County, Wisconsin. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Salem, WI asks $2/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Retail
Retail space in Salem, WI asks $52/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Salem, 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 Salem, WI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Salem, WI has 8,687 residents in 4,072 households. Density runs 267 people per square mile. Median household income here is $104,712 and median gross rent $1,268 a month.
8,687
Population
4,072
Households
2.1
Avg Household Size
42
Median Age
30%
College-Educated
92%
High-School Grad
32.5 sq mi
ZIP Area
267
Density / Sq Mi
$104,712
Median Household Income
$56,262
Median Earnings
$1,268
Median Rent
$289,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Paddock Lake | — | — |
| Bristol | — | — |
| Antioch | — | $13.00 |
Commercial property in Salem, WI asks $2/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Salem?
Commercial property in Salem, WI asks an average of $2 per square foot. The 3 most recent recorded sales traded at a median of $209/SF. Retail carries the highest asking price at $52/SF.
How much does it cost to lease commercial space in Salem?
Asking lease rates in Salem, WI average $12.59 per square foot per year.
Where does Realmo's Salem market data come from?
Realmo compiles Salem, WI figures from 5 recent recorded sales, 28 active sale listings, 3 active lease listings, 195 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 28 active for-sale and 3 active for-lease listings in Salem, 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 30 September 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 30 September 2026 · How Realmo checks market page data · Report a data issue
