Commercial Real Estate Market in Bemidji, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
59 active listings and 1,251 off-market properties in Bemidji, MN. Commercial property asks $323/SF to buy and $16.41/SF/Yr to lease.
Market Trends
Bemidji, MN spans 371.1 square miles in Beltrami County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Bemidji, 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 Bemidji, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Bemidji, 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 Bemidji, 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 59.3%
- Commercial 19.1%
- Industrial 17.5%
- Civic 2.3%
- Open space 1.8%
Largest Zones share of zoned land by district
Suburban Residential
Rural
Moderate Density Residential
General Industrial
General Commercial
Bemidji, MN zones 11,290 acres across 17 districts. Commercial zoning covers 19.1% of zoned land, residential 59.3%, open space 1.8% and industrial 17.5%. The largest single district is Suburban Residential at 17.6%. For commercial buyers the practical constraint is that only 36.6% of land carries a commercial or industrial designation.
General Industrial (I2)
I-2 General industrial Provide areas for manufacturing, assembly, and fabrication activities including large scale or specialized industrial operations, whose external physical effects will be felt by some degree by surrounding properties. The I-2 District is intended to permit, along with any specified uses, the manufacturing, compounding, processing, packa…
Market overview
Demographics & Economy
Bemidji, MN has 34,647 residents in 16,104 households. Density runs 93 people per square mile. Median household income here is $69,782 and median gross rent $1,033 a month.
34,647
Population
16,104
Households
2.2
Avg Household Size
36
Median Age
38%
College-Educated
95%
High-School Grad
371.1 sq mi
ZIP Area
93
Density / Sq Mi
$69,782
Median Household Income
$37,498
Median Earnings
$1,033
Median Rent
$242,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Wilton | — | — |
| Turtle River | — | — |
| Farris | — | — |
| Solway | — | — |
Commercial property in Bemidji, MN asks $323/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Bemidji?
Commercial property in Bemidji, MN asks an average of $323 per square foot. The 6 most recent recorded sales traded at a median of $167/SF, so asking sits 93% above the achieved median.
How much does it cost to lease commercial space in Bemidji?
Asking lease rates in Bemidji, MN average $16.41 per square foot per year.
What zoning applies to commercial property in Bemidji?
Bemidji, MN zones 11,290 acres across 17 districts, of which 19.1% is commercial and 17.5% industrial. The largest single district is Suburban Residential at 17.6% of zoned land. Residential zoning covers 59.3% and open space 1.8%.
Where does Realmo's Bemidji market data come from?
Realmo compiles Bemidji, MN figures from 8 recent recorded sales, 52 active sale listings, 7 active lease listings, 1,251 tracked off-market properties, the current Bemidji zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 52 active for-sale and 7 active for-lease listings in Bemidji, 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: 11,290 zoned acres across 17 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
