Commercial Real Estate Market in Albertville, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
21 active listings and 109 off-market properties in Albertville, MN.
Market Trends
Albertville, MN spans 8.2 square miles in Wright County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Albertville, 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 Albertville, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Albertville, 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 Albertville, 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 48.1%
- Planned_development 17.9%
- Industrial 12.9%
- Civic 10.6%
- Commercial 10.5%
Largest Zones share of zoned land by district
Low Density Single Family
Planned Unit Development
Single Family
Public Institutional
Limited Industrial
Albertville, MN zones 2,453 acres across 19 districts. Commercial zoning covers 10.5% of zoned land, residential 48.1% and industrial 12.9%. The largest single district is Low Density Single Family at 22.3%. For commercial buyers the practical constraint is that only 23.4% of land carries a commercial or industrial designation.
Low Density Single Family (R-1A)
The purpose of the R-1A residential low density single family district is to provide for an exclusive low density, large lot single family detached dwelling unit area, and directly related, complementary uses
Market overview
Demographics & Economy
Albertville, MN has 12,791 residents in 4,720 households. Density runs 1,565 people per square mile. Median household income here is $131,157 and median gross rent $1,458 a month.
12,791
Population
4,720
Households
2.7
Avg Household Size
33
Median Age
44%
College-Educated
98%
High-School Grad
8.2 sq mi
ZIP Area
1,565
Density / Sq Mi
$131,157
Median Household Income
$65,890
Median Earnings
$1,458
Median Rent
$324,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Otsego | — | — |
| Saint Michael | — | — |
| Hanover | — | — |
| Rogers | — | — |
Commercial property in Albertville, MN asks $680/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Albertville?
Commercial property in Albertville, MN asks an average of $680 per square foot. The 3 most recent recorded sales traded at a median of $453/SF, so asking sits 50% above the achieved median.
What zoning applies to commercial property in Albertville?
Albertville, MN zones 2,453 acres across 19 districts, of which 10.5% is commercial and 12.9% industrial. The largest single district is Low Density Single Family at 22.3% of zoned land. The purpose of the R-1A residential low density single family district is to provide for an exclusive low density, large lot single family detached dwelling unit area, and directly related, complementary uses Residential zoning covers 48.1% and open space 0%.
Where does Realmo's Albertville market data come from?
Realmo compiles Albertville, MN figures from 3 recent recorded sales, 15 active sale listings, 6 active lease listings, 109 tracked off-market properties, the current Albertville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 15 active for-sale and 6 active for-lease listings in Albertville, 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: 2,453 zoned acres across 19 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
