Commercial Real Estate Market in Washburn, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
14 active listings and 136 off-market properties in Washburn, WI.
Market Trends
Washburn, WI spans 68.5 square miles in Bayfield County, Wisconsin. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Washburn, 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 Washburn, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Washburn, 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 Washburn, 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 79.1%
- Commercial 6.8%
- Industrial 3.3%
- Planned_development 2.5%
- Mixed use 0.7%
Largest Zones share of zoned land by district
Rural Residential
Mixed Residential
Single Family Residential
Waterfront Residential
Lakefront Corridor
Washburn, WI zones 2,502 acres across 12 districts. Commercial zoning covers 6.8% of zoned land, residential 79.1% and industrial 3.3%. The largest single district is Rural Residential at 36.4%. For commercial buyers the practical constraint is that only 10.1% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Washburn, WI has 3,351 residents in 1,736 households. Density runs 49 people per square mile. Median household income here is $70,298 and median gross rent $788 a month.
3,351
Population
1,736
Households
1.9
Avg Household Size
51
Median Age
42%
College-Educated
97%
High-School Grad
68.5 sq mi
ZIP Area
49
Density / Sq Mi
$70,298
Median Household Income
$34,412
Median Earnings
$788
Median Rent
$200,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ashland | — | — |
| Bayfield | — | — |
| Odanah | — | — |
| Red Cliff | — | — |
Commercial property in Washburn, WI asks $4,537/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Washburn?
Commercial property in Washburn, WI asks an average of $4,537 per square foot.
What zoning applies to commercial property in Washburn?
Washburn, WI zones 2,502 acres across 12 districts, of which 6.8% is commercial and 3.3% industrial. The largest single district is Rural Residential at 36.4% of zoned land. Residential zoning covers 79.1% and open space 0%.
Where does Realmo's Washburn market data come from?
Realmo compiles Washburn, WI figures from 14 active sale listings, 136 tracked off-market properties, the current Washburn zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 14 active for-sale and 0 active for-lease listings in Washburn, 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: 2,502 zoned acres across 12 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
