Commercial Real Estate Market in Barnum, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
9 active listings and 39 off-market properties in Barnum, MN.
Market Trends
Barnum, MN spans 155.2 square miles in Carlton County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Barnum, 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 Barnum, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Barnum, 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 Barnum, 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 35.6%
- Open space 26.3%
- Civic 17.6%
- Commercial 11.2%
- Industrial 6.3%
- Mixed use 2.9%
Largest Zones share of zoned land by district
Residential
Open
Public
Highway Commercial
Industrial
Barnum, MN zones 612 acres across 7 districts. Commercial zoning covers 11.2% of zoned land, residential 35.6%, open space 26.3% and industrial 6.3%. The largest single district is Residential at 29.7%. For commercial buyers the practical constraint is that only 17.6% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Barnum, MN has 3,386 residents in 1,581 households. Density runs 22 people per square mile. Median household income here is $81,471 and median gross rent $915 a month.
3,386
Population
1,581
Households
2.1
Avg Household Size
45
Median Age
23%
College-Educated
95%
High-School Grad
155.2 sq mi
ZIP Area
22
Density / Sq Mi
$81,471
Median Household Income
$50,093
Median Earnings
$915
Median Rent
$229,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Moose Lake | — | — |
| Kettle River | — | — |
| Sturgeon Lake | — | — |
| Wrenshall | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Barnum?
Barnum, MN zones 612 acres across 7 districts, of which 11.2% is commercial and 6.3% industrial. The largest single district is Residential at 29.7% of zoned land. Residential zoning covers 35.6% and open space 26.3%.
Where does Realmo's Barnum market data come from?
Realmo compiles Barnum, MN figures from 9 active sale listings, 39 tracked off-market properties, the current Barnum zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 9 active for-sale and 0 active for-lease listings in Barnum, 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: 612 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
