Commercial Real Estate Market in Annandale, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
26 active listings and 153 off-market properties in Annandale, MN.
Market Trends
Annandale, MN spans 67.9 square miles in Wright County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Annandale, 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 Annandale, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Annandale, 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 Annandale, 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 65.8%
- Industrial 16.4%
- Commercial 9.9%
- Planned_development 5.5%
- Open space 2.4%
Largest Zones share of zoned land by district
One Family Residential
Industrial
Agricultural
Planned Unit Development
Highway Commercial
Annandale, MN zones 1,966 acres across 12 districts. Commercial zoning covers 9.9% of zoned land, residential 65.8%, open space 2.4% and industrial 16.4%. The largest single district is One Family Residential at 43.2%. For commercial buyers the practical constraint is that only 26.3% of land carries a commercial or industrial designation.
Agricultural (AG)
The purpose of this district is to allow for limited agricultural and single family farm residences as a transitional district, it is designed specifically for areas within the City which may presently be used for agriculture but which will be converted to urban use in the future
Market overview
Demographics & Economy
Annandale, MN has 7,274 residents in 3,667 households. Density runs 107 people per square mile. Median household income here is $78,194 and median gross rent $997 a month.
7,274
Population
3,667
Households
2
Avg Household Size
44
Median Age
30%
College-Educated
96%
High-School Grad
67.9 sq mi
ZIP Area
107
Density / Sq Mi
$78,194
Median Household Income
$47,945
Median Earnings
$997
Median Rent
$312,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| South Haven | — | — |
| Maple Lake | — | — |
| Silver Creek | — | — |
| Kimball | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Annandale?
Annandale, MN zones 1,966 acres across 12 districts, of which 9.9% is commercial and 16.4% industrial. The largest single district is One Family Residential at 43.2% of zoned land. Residential zoning covers 65.8% and open space 2.4%.
Where does Realmo's Annandale market data come from?
Realmo compiles Annandale, MN figures from 7 recent recorded sales, 26 active sale listings, 153 tracked off-market properties, the current Annandale zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 26 active for-sale and 0 active for-lease listings in Annandale, 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: 1,966 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
