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 $358,900. Commercial real estate sale prices in Minnesota have a median of $156,370. The last 24 months of sales history has seen 83,396 sales, with 31,960 sales greater than $250,000, 6,890 sales valued at over $1,000,000, and 813 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 $97.

Values and sold prices (last 24 months) United States Minnesota
Average price/sqft $1,383 $331
Median price/sqft $117 $97
Average sold price $1,121,868 $682,483
Median sold price $194,935 $156,370
Number of sales 3,907,581 83,396
Number of sales over $250k 1,646,046 31,960
Number of sales over $1m 386,972 6,890
Number of sales over $10m 55,955 813
Average total tax amount $5,932 $7,139
Average assessed value $307,066 $358,900
Average market value $388,214 $362,503

Minnesota commercial real estate property averages

The average lot size of commercial real estate properties in Minnesota is 86,293 sf. This is 111% above the United States average.

Property averages United States Minnesota
Average lot size 816,882 sf 1,097,707 sf
Median lot size 24,485 sf 86,293 sf
Average building area 1,138 sf 419 sf
Median building area 75 sf 67 sf
Median year built 1970 1966
Average number of units 16 17
Median number of units 2 3

Minnesota commercial real estate total supply

There are 1,369,422 commercial real estate properties in Minnesota. This is 190% below the United States average. The total acerage is 12,295,553 acres and the aggregate building area for commercial real estate properties in Minnesota is 49,390,270 sf.

Supply United States Minnesota
Number of parcels 57,794,383 1,369,422
Aggregate lot acerage 958,750,430 12,295,553
Aggregate building area 8,137,456,057 sf 49,390,270 sf
Aggregate units 87,699,574 624,098

Minnesota commercial real estate industrial mortgages

There are 443,504 mortgages for commercial real estate properties across Minnesota in the Reonomy database. The average value of those mortgages is $4,018,746. This is 25% below the United States average.

Debt United States Minnesota
Number of mortgages 40,416,832 443,504
Average value of mortgages $5,210,150 $4,018,746

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