Commercial Real Estate Market in Apple Valley, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
28 active listings and 359 off-market properties in Apple Valley, MN. Commercial property asks $10/SF to buy and $50.00/SF/Yr to lease.
Market Trends
Apple Valley, MN spans 16.9 square miles in Dakota County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Apple Valley, 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 Apple Valley, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Apple Valley, 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 space in Apple Valley, MN asks $173/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Apple Valley, MN has 56,353 residents in 21,894 households. Density runs 3,342 people per square mile. Median household income here is $99,354 and median gross rent $1,676 a month.
56,353
Population
21,894
Households
2.6
Avg Household Size
39
Median Age
46%
College-Educated
96%
High-School Grad
16.9 sq mi
ZIP Area
3,342
Density / Sq Mi
$99,354
Median Household Income
$54,786
Median Earnings
$1,676
Median Rent
$354,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Burnsville | — | $14.41 |
| Rosemount | — | — |
| Lakeville | — | — |
| Savage | — | — |
Commercial property in Apple Valley, MN asks $10/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Apple Valley?
Commercial property in Apple Valley, MN asks an average of $10 per square foot. The 6 most recent recorded sales traded at a median of $150/SF. Multifamily carries the highest asking price at $173/SF.
How much does it cost to lease commercial space in Apple Valley?
Asking lease rates in Apple Valley, MN average $50.00 per square foot per year.
Where does Realmo's Apple Valley market data come from?
Realmo compiles Apple Valley, MN figures from 7 recent recorded sales, 10 active sale listings, 18 active lease listings, 359 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 18 active for-lease listings in Apple Valley, 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.
- 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
