Commercial Real Estate Market in Appleton, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 130 off-market properties in Appleton, MN.
Market Trends
Appleton, MN spans 196.2 square miles in Swift County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Appleton, 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 Appleton, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Appleton, 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 Appleton, 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
- Industrial 37.1%
- Residential 30.7%
- Civic 30%
- Mixed use 2.2%
Largest Zones share of zoned land by district
Open Space District
Commercial Or Industrial Highway District
Residential Traditional Neighborhood District
Industrial Medium Or Heavy District
Residential Large Lot District
Commercial Or Industrial Highway District (C-2)
This District is established to accommodate the type of businesses that are oriented to the traveling public and require highway access. The District provides for a retail and commercial business environment, especial stressing the use of automobiles to access businesses
Market overview
Demographics & Economy
Appleton, MN has 2,029 residents in 1,147 households. Density runs 10 people per square mile. Median household income here is $56,196 and median gross rent $691 a month.
2,029
Population
1,147
Households
1.8
Avg Household Size
45
Median Age
21%
College-Educated
92%
High-School Grad
196.2 sq mi
ZIP Area
10
Density / Sq Mi
$56,196
Median Household Income
$32,400
Median Earnings
$691
Median Rent
$86,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Holloway | — | — |
| Correll | — | — |
| Louisburg | — | — |
| Milan | — | — |
Commercial property in Appleton, MN asks $276/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Appleton?
Commercial property in Appleton, MN asks an average of $276 per square foot.
Where does Realmo's Appleton market data come from?
Realmo compiles Appleton, MN figures from 4 active sale listings, 130 tracked off-market properties, the current Appleton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 0 active for-lease listings in Appleton, 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: 1,324 zoned acres across 6 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
