Commercial Real Estate Market in Albany, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 166 off-market properties in Albany, MN.
Market Trends
Albany, MN spans 105.7 square miles in Stearns County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Albany, 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 Albany, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Albany, 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 Albany, 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 28.5%
- Commercial 21.2%
- Industrial 11.2%
- Planned_development 9%
Largest Zones share of zoned land by district
Public Use District
Single Family
Industrial Commercial
Highway I 94 Commercial
Single Family Planned Unit Development
Public Use District (PUB)
It is the intent of this district to provide ordinances governing the use and development of property owned by the City, the County, the State of Minnesota, or any other political subdivision. This section is intended to allow the use of such property for any public purpose while minimizing the impact of any such public use which is incompatible with or detr…
Market overview
Demographics & Economy
Albany, MN has 5,399 residents in 2,058 households. Density runs 51 people per square mile. Median household income here is $89,563 and median gross rent $596 a month.
5,399
Population
2,058
Households
2.6
Avg Household Size
38
Median Age
21%
College-Educated
94%
High-School Grad
105.7 sq mi
ZIP Area
51
Density / Sq Mi
$89,563
Median Household Income
$47,333
Median Earnings
$596
Median Rent
$268,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Avon | — | — |
| Freeport | — | — |
| Holdingford | — | — |
| New Munich | — | — |
Commercial property in Albany, MN asks $86/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Albany?
Commercial property in Albany, MN asks an average of $86 per square foot.
Where does Realmo's Albany market data come from?
Realmo compiles Albany, MN figures from 6 active sale listings, 166 tracked off-market properties, the current Albany zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 0 active for-lease listings in Albany, 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: 1,411 zoned acres across 12 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 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 31 August 2026 · report a data issue
