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 $349,177. Commercial real estate sale prices in Minnesota have a median of $165,744. The last 24 months of sales history has seen 74,763 sales, with 29,140 sales greater than $250,000, 6,246 sales valued at over $1,000,000, and 775 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 $93.

Values and sold prices (last 24 months) United States Minnesota
Average price/sqft $1,429 $325
Median price/sqft $115 $93
Average sold price $1,175,028 $720,278
Median sold price $192,662 $165,744
Number of sales 3,653,861 74,763
Number of sales over $250k 1,530,048 29,140
Number of sales over $1m 369,680 6,246
Number of sales over $10m 55,427 775
Average total tax amount $5,912 $6,931
Average assessed value $302,534 $349,177
Average market value $377,431 $353,843

Minnesota commercial real estate property averages

The average lot size of commercial real estate properties in Minnesota is 88,385 sf. This is 112% above the United States average.

Property averages United States Minnesota
Average lot size 818,966 sf 1,110,096 sf
Median lot size 24,701 sf 88,385 sf
Average building area 1,170 sf 388 sf
Median building area 73 sf 66 sf
Median year built 1970 1965
Average number of units 16 18
Median number of units 2 3

Minnesota commercial real estate total supply

There are 1,356,083 commercial real estate properties in Minnesota. This is 190% below the United States average. The total acerage is 12,098,856 acres and the aggregate building area for commercial real estate properties in Minnesota is 42,914,989 sf.

Supply United States Minnesota
Number of parcels 57,284,908 1,356,083
Aggregate lot acerage 883,661,852 12,098,856
Aggregate building area 8,074,578,464 sf 42,914,989 sf
Aggregate units 87,963,611 619,512

Minnesota commercial real estate industrial mortgages

There are 425,885 mortgages for commercial real estate properties across Minnesota in the Reonomy database. The average value of those mortgages is $4,064,797. This is 24% below the United States average.

Debt United States Minnesota
Number of mortgages 39,329,028 425,885
Average value of mortgages $5,222,868 $4,064,797

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