Commercial Real Estate Market in Bagley, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 180 off-market properties in Bagley, MN.
Market Trends
Bagley, MN spans 321.4 square miles in Clearwater County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Bagley, 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 Bagley, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Bagley, 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 Bagley, 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 45.6%
- Open space 23.6%
- Industrial 15.3%
- Commercial 10.9%
- Agricultural 2.4%
- Civic 2.2%
Largest Zones share of zoned land by district
Residential
Conservation
Manufacturing
Restricted Highway Business
Industrial Storage
Bagley, MN zones 1,415 acres across 8 districts. Commercial zoning covers 10.9% of zoned land, residential 45.6%, open space 23.6% and industrial 15.3%. The largest single district is Residential at 45.6%. For commercial buyers the practical constraint is that only 26.2% of land carries a commercial or industrial designation.
Residential (R-1)
Section 403. (R-1) Residential District (A) Intent This district is intended to provide for residential neighborhoods, free from other land uses except those which are compatible with single family dwelling units and duplexes. (B) Permitted Uses 1. Single family dwellings 2. State licensed residential facilities serving six (6) or fewer persons, licensed day…
Market overview
Demographics & Economy
Bagley, MN has 4,407 residents in 2,149 households. Density runs 14 people per square mile. Median household income here is $63,750 and median gross rent $736 a month.
4,407
Population
2,149
Households
2.1
Avg Household Size
42
Median Age
19%
College-Educated
90%
High-School Grad
321.4 sq mi
ZIP Area
14
Density / Sq Mi
$63,750
Median Household Income
$39,524
Median Earnings
$736
Median Rent
$176,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ebro | — | — |
| Shevlin | — | — |
| Minerva | — | — |
| Leonard | — | — |
Commercial property in Bagley, MN asks $77/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Bagley?
Commercial property in Bagley, MN asks an average of $77 per square foot.
What zoning applies to commercial property in Bagley?
Bagley, MN zones 1,415 acres across 8 districts, of which 10.9% is commercial and 15.3% industrial. The largest single district is Residential at 45.6% of zoned land. Section 403. (R-1) Residential District (A) Intent This district is intended to provide for residential neighborhoods, free from other land uses except those which are compatible with single family dwelling units and duplexes. (B) Permitted Uses 1. Single family dwellings 2. State licensed residential facilities serving six (6) or fewer persons, licensed day… Residential zoning covers 45.6% and open space 23.6%.
Where does Realmo's Bagley market data come from?
Realmo compiles Bagley, MN figures from 5 active sale listings, 180 tracked off-market properties, the current Bagley zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 0 active for-lease listings in Bagley, 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: 1,415 zoned acres across 8 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
