Commercial Real Estate Market in Minot, ME
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 8 off-market properties in Minot, ME.
Market Trends
Minot, ME spans 29.6 square miles in Androscoggin County, Maine. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Minot, ME asks $113/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Retail
Retail space in Minot, ME asks $134/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Minot, ME runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Minot, ME asks $147/SF to buy. Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Commercial 64.8%
- Residential 25.5%
- Industrial 3.4%
Largest Zones share of zoned land by district
Rural
Residential District 1
Village District
General Development District
Resource Protection
Minot, ME zones 19,049 acres across 9 districts. Commercial zoning covers 64.8% of zoned land, residential 25.5% and industrial 3.4%. The largest single district is Rural at 55.8%. For commercial buyers the practical constraint is that only 68.2% of land carries a commercial or industrial designation.
Rural (R)
The purpose of this District is to maintain rural qualities and lands usable for agriculture and forestry. Uses other than agriculture and forestry in this District include low density residential and natural resource-based based businesses and industry.
Market overview
Demographics & Economy
Minot, ME has 2,766 residents in 1,186 households. Density runs 94 people per square mile. Median household income here is $91,932 and median gross rent $881 a month.
2,766
Population
1,186
Households
2.3
Avg Household Size
43
Median Age
24%
College-Educated
95%
High-School Grad
29.6 sq mi
ZIP Area
94
Density / Sq Mi
$91,932
Median Household Income
$49,771
Median Earnings
$881
Median Rent
$275,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mechanic Falls | — | — |
| Poland | — | — |
| Auburn | — | $14.49 |
| Lewiston | — | $19.31 |
Commercial property in Minot, ME asks $1/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Minot?
Commercial property in Minot, ME asks an average of $1 per square foot. Multifamily carries the highest asking price at $147/SF.
What zoning applies to commercial property in Minot?
Minot, ME zones 19,049 acres across 9 districts, of which 64.8% is commercial and 3.4% industrial. The largest single district is Rural at 55.8% of zoned land. The purpose of this District is to maintain rural qualities and lands usable for agriculture and forestry. Uses other than agriculture and forestry in this District include low density residential and natural resource-based based businesses and industry. Residential zoning covers 25.5% and open space 0%.
Where does Realmo's Minot market data come from?
Realmo compiles Minot, ME figures from 2 active sale listings, 8 tracked off-market properties, the current Minot zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Minot, ME. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 19,049 zoned acres across 9 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
