Commercial Real Estate Market in Big Lake, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
31 active listings and 250 off-market properties in Big Lake, MN.
Market Trends
Big Lake, MN spans 62.3 square miles in Sherburne County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Big Lake, 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 Big Lake, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Big Lake, 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 Big Lake, MN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Big Lake, MN has 20,387 residents in 7,541 households. Density runs 327 people per square mile. Median household income here is $118,387 and median gross rent $1,463 a month.
20,387
Population
7,541
Households
2.7
Avg Household Size
35
Median Age
31%
College-Educated
95%
High-School Grad
62.3 sq mi
ZIP Area
327
Density / Sq Mi
$118,387
Median Household Income
$56,262
Median Earnings
$1,463
Median Rent
$335,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Monticello | — | — |
| Becker | — | — |
| Zimmerman | — | — |
| Elk River | — | — |
Commercial property in Big Lake, MN asks $459/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Big Lake?
Commercial property in Big Lake, MN asks an average of $459 per square foot. The 7 most recent recorded sales traded at a median of $269/SF, so asking sits 70% above the achieved median.
Where does Realmo's Big Lake market data come from?
Realmo compiles Big Lake, MN figures from 8 recent recorded sales, 29 active sale listings, 2 active lease listings, 250 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 29 active for-sale and 2 active for-lease listings in Big Lake, 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 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
