Superior, WI
Commercial Real Estate Market Trends & Data

$165 Avg asking sale price
$19 Avg asking lease rate
15,010 SF Avg unit lease size
13,840 SF Avg building size for sale
5.83% Average cap rate

Superior's Demographic Profile

Superior has 11,051 households and a median income of $53,440, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 25,052
# Households 11,051
Median age 38
Median household income $53,440
Avg household size 2.0
Renter-occupied housing units 5,051
5-year population change -1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Superior, WI

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Superior $179 20,058 SF 6.65%
Cloquet $58 5,500 SF 15.00%
Duluth $157 14,957 SF 6.65%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Superior $159 17,213 SF 5.00%
Hermantown $302 36,888 SF 6.75%
Nearby Retail Markets Avg Cost/SF Typical Size
Superior $83 9,888 SF
Proctor $98 5,125 SF
Hermantown $375 25,444 SF
Duluth $175 10,347 SF
Herbster $340 4,356 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Superior $85 7,632 SF 5.00%
Duluth $93 6,316 SF 5.00%

Commercial Properties For Sale in Superior

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Aspirus St. Luke’s Clinic

Duluth, MN 55807

  • 20,512 SF Office Building
  • 6.65% Cap Rate
  • $7,100,000
For Sale

Aspirus St. Luke’s Superior Clinic

Superior, WI 54880

  • 28,928 SF Office Building
  • 6.65% Cap Rate
  • $10,005,000
For Sale

Elbo Room

Superior, WI 54880

  • 13,850 SF Retail Building
  • 5.00% Cap Rate
  • $499,900
For Sale

202 E Superior St

Duluth, MN 55802

  • 17,000 SF Office Building
  • $1,950,000
For Sale

1515 W Superior St

Duluth, MN 55806

  • 20,000 SF Specialty
  • $1,500,000
For Sale

9353 Westgate Blvd

Duluth, MN 55810

  • 5,125 SF Industrial Building
  • $500,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Superior pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Superior $165 13,840 SF
South Range $217 4,500 SF
Proctor $98 5,125 SF
Hermantown $286 20,335 SF

Regional Demographic Comparison

This comparison places Superior alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Superior or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Superior 25,052 11,051 38 $53,440 2 5,051 -1%
Proctor 3,084 1,232 42 $86,770 2 240 -3%
Poplar 491 193 43 $70,227 3 28 -5%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Superior, WI and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Superior

View All Commercial Real Estate For Sale in Superior
Is Superior a good market for a first-time commercial real estate investor?

Superior offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Superior?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Superior. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Superior?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Superior. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Superior compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Superior. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Superior acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Superior, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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