Commercial Real Estate Market in Aurora, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
10 active listings and 113 off-market properties in Aurora, MN.
Market Trends
Aurora, MN spans 83.4 square miles in St. Louis County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Aurora, 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 Aurora, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Aurora, 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 Aurora, MN asks $129/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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Industrial 45.6%
- Residential 40.4%
- Open space 9.1%
- Commercial 4.9%
Largest Zones share of zoned land by district
Industrial Commercial District
Low Density Residential
One And Two Family Residential
Public Open Space
Business Commercial District
Aurora, MN zones 2,501 acres across 6 districts. Commercial zoning covers 4.9% of zoned land, residential 40.4%, open space 9.1% and industrial 45.6%. The largest single district is Industrial Commercial District at 45.6%. For commercial buyers the practical constraint is that only 50.5% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Aurora, MN has 3,226 residents in 1,891 households. Density runs 39 people per square mile. Median household income here is $54,047 and median gross rent $471 a month.
3,226
Population
1,891
Households
1.7
Avg Household Size
50
Median Age
17%
College-Educated
91%
High-School Grad
83.4 sq mi
ZIP Area
39
Density / Sq Mi
$54,047
Median Household Income
$43,536
Median Earnings
$471
Median Rent
$124,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hoyt Lakes | — | — |
| Biwabik | — | — |
| Embarrass | — | — |
| McKinley | — | — |
Commercial property in Aurora, MN asks $992/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Aurora?
Commercial property in Aurora, MN asks an average of $992 per square foot. The 3 most recent recorded sales traded at a median of $36/SF, so asking sits 2678% above the achieved median. Multifamily carries the highest asking price at $129/SF.
What zoning applies to commercial property in Aurora?
Aurora, MN zones 2,501 acres across 6 districts, of which 4.9% is commercial and 45.6% industrial. The largest single district is Industrial Commercial District at 45.6% of zoned land. Residential zoning covers 40.4% and open space 9.1%.
Where does Realmo's Aurora market data come from?
Realmo compiles Aurora, MN figures from 6 recent recorded sales, 10 active sale listings, 113 tracked off-market properties, the current Aurora zoning release. 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 0 active for-lease listings in Aurora, 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: 2,501 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
