Commercial Real Estate Market in Bellechester, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Bellechester, MN spans 116.9 square miles in Goodhue County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Bellechester, 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 Bellechester, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Bellechester, 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 Bellechester, 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 98.1%
- Industrial 1.9%
Largest Zones share of zoned land by district
Residential
Agriculture
Commercial
Bellechester, MN zones 202 acres across 3 districts. The largest single district is Residential at 85.7%. For commercial buyers the practical constraint is that only 1.9% of land carries a commercial or industrial designation.
Residential (R)
In the (A) and (R) Zoning Use Districts, all materials and equipment shall be stored within a building or fully screened so as not to be visible from adjoining properties, except for the following: Laundry drying and recreational eqipment, equipment temporarily being used on the premises, agricultural equipment and materials if these are used or intended for…
Market overview
Demographics & Economy
Bellechester, MN has 3,089 residents in 1,028 households. Density runs 26 people per square mile. Median household income here is $92,857 and median gross rent $941 a month.
3,089
Population
1,028
Households
3
Avg Household Size
36
Median Age
22%
College-Educated
94%
High-School Grad
116.9 sq mi
ZIP Area
26
Density / Sq Mi
$92,857
Median Household Income
$49,948
Median Earnings
$941
Median Rent
$290,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Goodhue | — | — |
| Mazeppa | — | — |
| Zumbro Falls | — | — |
| Zumbrota | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Bellechester?
Bellechester, MN zones 202 acres across 3 districts, of which 0% is commercial and 1.9% industrial. The largest single district is Residential at 85.7% of zoned land. In the (A) and (R) Zoning Use Districts, all materials and equipment shall be stored within a building or fully screened so as not to be visible from adjoining properties, except for the following: Laundry drying and recreational eqipment, equipment temporarily being used on the premises, agricultural equipment and materials if these are used or intended for… Residential zoning covers 98.1% and open space 0%.
Methodology & data sources
- 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: 202 zoned acres across 3 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
