Commercial Real Estate Market in Alexandria, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
195 active listings and 1,367 off-market properties in Alexandria, MN. Commercial property asks $16/SF to buy and $16.91/SF/Yr to lease.
Market Trends
Alexandria, MN spans 155.9 square miles in Douglas County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Alexandria, 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 Alexandria, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Alexandria, 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 Alexandria, 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 57.7%
- Commercial 27.7%
- Industrial 7.8%
- Civic 3.5%
Largest Zones share of zoned land by district
Single Family Residential
General Business
Light Industrial
Single And Two Family Residential
Airport Business
Alexandria, MN zones 11,448 acres across 13 districts. Commercial zoning covers 27.7% of zoned land, residential 57.7% and industrial 7.8%. The largest single district is Single Family Residential at 43.1%. For commercial buyers the practical constraint is that only 35.5% of land carries a commercial or industrial designation.
Single Family Residential (R-1)
The purpose of the R-1 Single Family District is to provide for low density single family detached residential dwelling units and directly related, complementary uses
Market overview
Demographics & Economy
Alexandria, MN has 26,391 residents in 14,350 households. Density runs 169 people per square mile. Median household income here is $76,831 and median gross rent $921 a month.
26,391
Population
14,350
Households
1.8
Avg Household Size
44
Median Age
33%
College-Educated
96%
High-School Grad
155.9 sq mi
ZIP Area
169
Density / Sq Mi
$76,831
Median Household Income
$43,999
Median Earnings
$921
Median Rent
$307,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Alex | — | — |
| Nelson | — | — |
| Forada | — | — |
| Garfield | — | — |
Commercial property in Alexandria, MN asks $16/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Alexandria?
Commercial property in Alexandria, MN asks an average of $16 per square foot. The 4 most recent recorded sales traded at a median of $138/SF.
How much does it cost to lease commercial space in Alexandria?
Asking lease rates in Alexandria, MN average $16.91 per square foot per year.
What zoning applies to commercial property in Alexandria?
Alexandria, MN zones 11,448 acres across 13 districts, of which 27.7% is commercial and 7.8% industrial. The largest single district is Single Family Residential at 43.1% of zoned land. The purpose of the R-1 Single Family District is to provide for low density single family detached residential dwelling units and directly related, complementary uses Residential zoning covers 57.7% and open space 0%.
Where does Realmo's Alexandria market data come from?
Realmo compiles Alexandria, MN figures from 6 recent recorded sales, 184 active sale listings, 11 active lease listings, 1,367 tracked off-market properties, the current Alexandria zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 184 active for-sale and 11 active for-lease listings in Alexandria, 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: 11,448 zoned acres across 13 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
