Commercial Real Estate Market in Spencer, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 134 off-market properties in Spencer, WI.
Market Trends
Spencer, WI spans 76.8 square miles in Marathon County, Wisconsin. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Spencer, 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 Spencer, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Spencer, 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 Spencer, 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 29.7%
- Agricultural 27.3%
- Industrial 16.5%
- Special 9.8%
- Civic 7.9%
- Commercial 6.6%
Largest Zones share of zoned land by district
Agriculture District
Single Family Residential District
Industrial District
Conservancy District
Residential District
Agriculture District (A-1)
Reduction; joint use. Article III Zoning Districts § 480-13 Establishment of districts. § 480-14 Vacation of streets; annexations. § 480-15 Zoning Map. § 480-16 Rules for interpretation of district boundaries. § 480-17 A-1 Agricultural District. § 480-18 R-1 Single-Family Residential District. § 480-19 R-1 AAA Single-Family Residential Use District. § 480-20…
Market overview
Demographics & Economy
Spencer, WI has 3,838 residents in 1,462 households. Density runs 50 people per square mile. Median household income here is $79,542 and median gross rent $563 a month.
3,838
Population
1,462
Households
2.6
Avg Household Size
39
Median Age
15%
College-Educated
85%
High-School Grad
76.8 sq mi
ZIP Area
50
Density / Sq Mi
$79,542
Median Household Income
$44,238
Median Earnings
$563
Median Rent
$175,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Unity | — | — |
| Spokeville | — | — |
| Chili | — | — |
| Loyal | — | — |
Commercial property in Spencer, WI asks $7,790/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Spencer?
Commercial property in Spencer, WI asks an average of $7,790 per square foot.
Where does Realmo's Spencer market data come from?
Realmo compiles Spencer, WI figures from 7 recent recorded sales, 4 active sale listings, 134 tracked off-market properties, the current Spencer zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 0 active for-lease listings in Spencer, 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: 1,066 zoned acres across 15 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
