Commercial Real Estate Market in Alexandria, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
62 active listings and 1,365 off-market properties in Alexandria, MN. Commercial property asks $123/SF to buy and $15.00/SF/Yr to lease (based on 7 listings).
Market Trends
Alexandria, MN spans 155.9 square miles in Douglas County, Minnesota. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Alexandria, MN has a median asking sale price of $99/SF (based on 7 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Alexandria, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily vacancy in Alexandria, MN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
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
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.
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Alexandria?
How much does it cost to lease commercial space in Alexandria?
What zoning applies to commercial property in Alexandria?
Where does Realmo's Alexandria market data come from?
Methodology & data sources
- Asking prices and medians
- There are 35 active for-sale and 27 active for-lease listings in Alexandria, MN. The medians are based on 10 of the for-sale and 7 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
