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 $355,004. Commercial real estate sale prices in Minnesota have a median of $185,696. The last 24 months of sales history has seen 46,818 sales, with 19,186 sales greater than $250,000, 4,321 sales valued at over $1,000,000, and 504 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 $87.

Values and sold prices (last 24 months) United States Minnesota
Average price/sqft $1,569 $221
Median price/sqft $101 $87
Average sold price $1,215,213 $766,161
Median sold price $186,304 $185,696
Number of sales 2,886,754 46,818
Number of sales over $250k 1,202,594 19,186
Number of sales over $1m 323,569 4,321
Number of sales over $10m 49,909 504
Average total tax amount $6,520 $8,239
Average assessed value $288,098 $355,004
Average market value $329,971 $378,093

Minnesota commercial real estate property averages

The average lot size of commercial real estate properties in Minnesota is 126,038 sf. This is 132% above the United States average.

Property averages United States Minnesota
Average lot size 841,144 sf 1,266,920 sf
Median lot size 25,552 sf 126,038 sf
Average building area 1,521 sf 452 sf
Median building area 59 sf 57 sf
Median year built 1964 1965
Average number of units 20 18
Median number of units 2 4

Minnesota commercial real estate total supply

There are 1,061,863 commercial real estate properties in Minnesota. This is 191% below the United States average. The total acerage is 10,984,687 acres and the aggregate building area for commercial real estate properties in Minnesota is 35,772,455 sf.

Supply United States Minnesota
Number of parcels 51,092,560 1,061,863
Aggregate lot acerage 616,568,166 10,984,687
Aggregate building area 7,966,355,086 sf 35,772,455 sf
Aggregate units 90,620,061 616,958

Minnesota commercial real estate industrial mortgages

There are 182,848 mortgages for commercial real estate properties across Minnesota in the Reonomy database. The average value of those mortgages is $6,301,521. This is 32% below the United States average.

Debt United States Minnesota
Number of mortgages 15,805,722 182,848
Average value of mortgages $8,744,434 $6,301,521

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