Commercial Real Estate Market in Aitkin, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
28 active listings and 383 off-market properties in Aitkin, MN.
Market Trends
Aitkin, MN spans 462.8 square miles in Aitkin County, Minnesota. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Aitkin, MN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Aitkin, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Aitkin, MN runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Aitkin, MN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 41%
- Open space 24.4%
- Industrial 15.8%
- Commercial 14.9%
- Mixed use 3.8%
Largest Zones share of zoned land by district
Urban Residential
Open Space
Industrial
Highway Commercial
Rural Residential
Aitkin, MN zones 1,674 acres across 8 districts. Commercial zoning covers 14.9% of zoned land, residential 41%, open space 24.4% and industrial 15.8%. The largest single district is Urban Residential at 31.8%. For commercial buyers the practical constraint is that only 30.8% of land carries a commercial or industrial designation.
Urban Residential (UR)
Urban Residential (UR) District 152.036 Highway Commercial (C) District 152.037 Downtown Mixed Use (DMU) District 152.038 Light Industrial/Commercial Transition (LI-CT) District 152.039 Industrial (I) District 152.040 Land use matrix Overlay Districts 152.055 General 152.056 Floodplain Overlay District 152.057 Mississippi Headwaters Overlay (MH) District 152…
Market overview
Demographics & Economy
Aitkin, MN has 8,763 residents in 7,113 households. Density runs 19 people per square mile. Median household income here is $64,846 and median gross rent $883 a month.
8,763
Population
7,113
Households
1.2
Avg Household Size
56
Median Age
21%
College-Educated
95%
High-School Grad
462.8 sq mi
ZIP Area
19
Density / Sq Mi
$64,846
Median Household Income
$36,947
Median Earnings
$883
Median Rent
$264,800
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Aitkin?
Commercial property in Aitkin, MN asks an average of $301 per square foot.
What zoning applies to commercial property in Aitkin?
Aitkin, MN zones 1,674 acres across 8 districts, of which 14.9% is commercial and 15.8% industrial. The largest single district is Urban Residential at 31.8% of zoned land. Urban Residential (UR) District 152.036 Highway Commercial (C) District 152.037 Downtown Mixed Use (DMU) District 152.038 Light Industrial/Commercial Transition (LI-CT) District 152.039 Industrial (I) District 152.040 Land use matrix Overlay Districts 152.055 General 152.056 Floodplain Overlay District 152.057 Mississippi Headwaters Overlay (MH) District 152… Residential zoning covers 41% and open space 24.4%.
Where does Realmo's Aitkin market data come from?
Realmo compiles Aitkin, MN figures from 28 active sale listings, 383 tracked off-market properties, the current Aitkin zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 28 active for-sale and 0 active for-lease listings in Aitkin, MN. 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: 1,674 zoned acres across 8 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 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest 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 30 September 2026 · report a data issue
