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 $338,676. Commercial real estate sale prices in Minnesota have a median of $170,294. The last 24 months of sales history has seen 78,277 sales, with 30,809 sales greater than $250,000, 6,488 sales valued at over $1,000,000, and 767 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 $95.

Values and sold prices (last 24 months) United States Minnesota
Average price/sqft $1,344 $311
Median price/sqft $115 $95
Average sold price $1,162,392 $698,421
Median sold price $191,467 $170,294
Number of sales 3,863,764 78,277
Number of sales over $250k 1,613,612 30,809
Number of sales over $1m 389,810 6,488
Number of sales over $10m 58,005 767
Average total tax amount $5,906 $6,951
Average assessed value $273,996 $338,676
Average market value $321,051 $347,918

Minnesota commercial real estate property averages

The average lot size of commercial real estate properties in Minnesota is 88,441 sf. This is 112% above the United States average.

Property averages United States Minnesota
Average lot size 819,068 sf 1,109,596 sf
Median lot size 24,646 sf 88,441 sf
Average building area 1,164 sf 381 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 1,356,091 commercial real estate properties in Minnesota. This is 190% below the United States average. The total acerage is 12,075,060 acres and the aggregate building area for commercial real estate properties in Minnesota is 41,982,008 sf.

Supply United States Minnesota
Number of parcels 57,284,908 1,356,091
Aggregate lot acerage 882,586,122 12,075,060
Aggregate building area 8,038,750,738 sf 41,982,008 sf
Aggregate units 87,804,464 619,166

Minnesota commercial real estate industrial mortgages

There are 424,406 mortgages for commercial real estate properties across Minnesota in the Reonomy database. The average value of those mortgages is $4,071,431. This is 25% below the United States average.

Debt United States Minnesota
Number of mortgages 38,333,712 424,406
Average value of mortgages $5,270,730 $4,071,431

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