Commercial real estate in Minnesota

Search commercial real estate records in Minnesota to find the property data you need. Reonomy provides the most comprehensive commercial real estate information available through the aggregation of commercial property records and data. Search through Minnesota commercial property sales records, owner records and tax records. Signup for a free trial to uncover more information and search by filters including sales history, debt and owner.

Popular searches around Minnesota

Reonomy operates the most comprehensive database for Minnesota Commercial Real Estate and other commercial real estate assets across the U.S. Reonomy includes over 47 million commercial real estate properties, each property features sales, debt, tax and ownership data. Reonomy attracts a large community of Minnesota commercial real estate professionals. Members from Minnesota include brokers, investors and service providers, many of whom specialize in Minnesota Commercial Real Estate.

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Minnesota commercial real estate sold prices and values

The average assessed value of commercial real estate properties in Minnesota is $356,916. Commercial real estate sale prices in Minnesota have a median of $149,873. The last 24 months of sales history has seen 88,231 sales, with 33,124 sales greater than $250,000, 7,204 sales valued at over $1,000,000, and 827 sales valued at over $10,000,000. The average price per square foot of commercial real estate properties in Minnesota over the last 24 months is $96.

Values and sold prices (last 24 months) United States Minnesota
Average price/sqft $1,286 $306
Median price/sqft $117 $96
Average sold price $1,118,542 $660,736
Median sold price $196,083 $149,873
Number of sales 3,934,359 88,231
Number of sales over $250k 1,663,881 33,124
Number of sales over $1m 387,932 7,204
Number of sales over $10m 55,602 827
Average total tax amount $9,232 $7,049
Average assessed value $312,101 $356,916
Average market value $400,634 $360,092

Minnesota commercial real estate property averages

The average lot size of commercial real estate properties in Minnesota is 86,186 sf. This is 111% above the United States average.

Property averages United States Minnesota
Average lot size 816,803 sf 1,086,071 sf
Median lot size 24,448 sf 86,186 sf
Average building area 1,134 sf 402 sf
Median building area 76 sf 68 sf
Median year built 1970 1967
Average number of units 16 17
Median number of units 2 3

Minnesota commercial real estate total supply

There are 1,380,096 commercial real estate properties in Minnesota. This is 190% below the United States average. The total acerage is 12,445,372 acres and the aggregate building area for commercial real estate properties in Minnesota is 49,915,998 sf.

Supply United States Minnesota
Number of parcels 58,091,739 1,380,096
Aggregate lot acerage 976,485,427 12,445,372
Aggregate building area 8,209,502,265 sf 49,915,998 sf
Aggregate units 88,640,560 625,247

Minnesota commercial real estate industrial mortgages

There are 453,721 mortgages for commercial real estate properties across Minnesota in the Reonomy database. The average value of those mortgages is $3,971,087. This is 26% below the United States average.

Debt United States Minnesota
Number of mortgages 40,876,180 453,721
Average value of mortgages $5,210,547 $3,971,087

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