Commercial Real Estate Market in Tomahawk, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
58 active listings and 214 off-market properties in Tomahawk, WI.
Market Trends
Tomahawk, WI spans 290.6 square miles in Lincoln County, Wisconsin. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Tomahawk, 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 Tomahawk, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Tomahawk, 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 Tomahawk, 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 28.9%
- Commercial 27.2%
- Agricultural 23.5%
- Industrial 19.1%
Largest Zones share of zoned land by district
Agricultural And Real Estate
Two Family Residential
Manufacturing
Multiple Family Residential
Business
Tomahawk, WI zones 4,821 acres across 8 districts. Commercial zoning covers 27.2% of zoned land, residential 28.9% and industrial 19.1%. The largest single district is Agricultural And Real Estate at 23.5%. For commercial buyers the practical constraint is that only 46.3% of land carries a commercial or industrial designation.
Agricultural And Real Estate (AG/RE)
Section 17-20. AG/RE, Agricultural/Rural Estate District. (1) Intent. The AG/RE, agricultural/rural estate district is intended to provide for, maintain, preserve and enhance agricultural lands historically utilized for crop production but which are not included within the A -1, agricultural preservation district and which are generally best suited for small…
Market overview
Demographics & Economy
Tomahawk, WI has 9,750 residents in 7,200 households. Density runs 34 people per square mile. Median household income here is $76,712 and median gross rent $612 a month.
9,750
Population
7,200
Households
1.4
Avg Household Size
53
Median Age
23%
College-Educated
93%
High-School Grad
290.6 sq mi
ZIP Area
34
Density / Sq Mi
$76,712
Median Household Income
$45,830
Median Earnings
$612
Median Rent
$223,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Skanawan | — | — |
| Spirit Falls | — | — |
| Woodboro | — | — |
| Goodnow | — | — |
Commercial property in Tomahawk, WI asks $47/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Tomahawk?
Commercial property in Tomahawk, WI asks an average of $47 per square foot.
What zoning applies to commercial property in Tomahawk?
Tomahawk, WI zones 4,821 acres across 8 districts, of which 27.2% is commercial and 19.1% industrial. The largest single district is Agricultural And Real Estate at 23.5% of zoned land. Section 17-20. AG/RE, Agricultural/Rural Estate District. (1) Intent. The AG/RE, agricultural/rural estate district is intended to provide for, maintain, preserve and enhance agricultural lands historically utilized for crop production but which are not included within the A -1, agricultural preservation district and which are generally best suited for small… Residential zoning covers 28.9% and open space 0%.
Where does Realmo's Tomahawk market data come from?
Realmo compiles Tomahawk, WI figures from 5 recent recorded sales, 57 active sale listings, 1 active lease listings, 214 tracked off-market properties, the current Tomahawk zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 57 active for-sale and 1 active for-lease listings in Tomahawk, 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: 4,821 zoned acres across 8 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
