Commercial Real Estate Market in Bemidji, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
33 active listings and 1,248 off-market properties in Bemidji, MN.
Market Trends
Bemidji, MN spans 371.1 square miles in Beltrami County, Minnesota. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Bemidji, MN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Bemidji, MN has a median asking sale price of $73/SF (based on 3 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily space in Bemidji, MN has a median asking sale price of $91/SF (based on 6 listings). Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
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
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.
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Bemidji?
What zoning applies to commercial property in Bemidji?
Where does Realmo's Bemidji market data come from?
Methodology & data sources
- Asking prices and medians
- There are 24 active for-sale and 9 active for-lease listings in Bemidji, MN. The sale median is based on 11 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
