Commercial Real Estate Market in Belle Plaine, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
25 active listings and 197 off-market properties in Belle Plaine, MN.
Market Trends
Belle Plaine, MN spans 102.3 square miles in Scott County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Belle Plaine, 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 Belle Plaine, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Belle Plaine, 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 Belle Plaine, MN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Belle Plaine, MN has 9,538 residents in 3,546 households. Density runs 93 people per square mile. Median household income here is $99,628 and median gross rent $1,356 a month.
9,538
Population
3,546
Households
2.7
Avg Household Size
37
Median Age
28%
College-Educated
92%
High-School Grad
102.3 sq mi
ZIP Area
93
Density / Sq Mi
$99,628
Median Household Income
$51,817
Median Earnings
$1,356
Median Rent
$296,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Jordan | — | — |
| Henderson | — | — |
| Cologne | — | — |
| New Prague | — | — |
Commercial property in Belle Plaine, MN asks $810/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Belle Plaine?
Commercial property in Belle Plaine, MN asks an average of $810 per square foot. The 4 most recent recorded sales traded at a median of $82/SF, so asking sits 885% above the achieved median.
Where does Realmo's Belle Plaine market data come from?
Realmo compiles Belle Plaine, MN figures from 5 recent recorded sales, 23 active sale listings, 2 active lease listings, 197 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 23 active for-sale and 2 active for-lease listings in Belle Plaine, 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.
- 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
