Commercial Real Estate Market in Atwater, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 104 off-market properties in Atwater, MN.
Market Trends
Atwater, MN spans 101.1 square miles in Kandiyohi County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Atwater, 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 Atwater, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Atwater, 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 Atwater, 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
- Civic 39.5%
- Open space 30.8%
- Industrial 12.4%
- Commercial 10%
- Residential 4.7%
Largest Zones share of zoned land by district
Single Family Residential
Recreation Overlay
Light Industrial
Highway Business
Mixed Family Residential
Single Family Residential (R-1)
The R-1 District is intended to provide for low density residential development with a limited number of institutional and recreational uses permitted, the district is designed to protect residential areas now developed and to regulate the efficient use and orderly development of vacant land designated for residential uses
Market overview
Demographics & Economy
Atwater, MN has 2,333 residents in 1,280 households. Density runs 23 people per square mile. Median household income here is $83,661 and median gross rent $931 a month.
2,333
Population
1,280
Households
1.8
Avg Household Size
43
Median Age
21%
College-Educated
98%
High-School Grad
101.1 sq mi
ZIP Area
23
Density / Sq Mi
$83,661
Median Household Income
$42,682
Median Earnings
$931
Median Rent
$220,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Grove City | — | — |
| Kandiyohi | — | — |
| Spicer | — | — |
| Litchfield | — | — |
Commercial property in Atwater, MN asks $312/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Atwater?
Commercial property in Atwater, MN asks an average of $312 per square foot.
Where does Realmo's Atwater market data come from?
Realmo compiles Atwater, MN figures from 6 recent recorded sales, 2 active sale listings, 104 tracked off-market properties, the current Atwater zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Atwater, 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: 655 zoned acres across 7 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
