Commercial Real Estate Market in Biwabik, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 61 off-market properties in Biwabik, MN.
Market Trends
Biwabik, MN spans 88.3 square miles in St. Louis County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Biwabik, 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 Biwabik, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Biwabik, 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 space in Biwabik, MN asks $129/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Open space 37.5%
- Planned_development 22.1%
- Industrial 20.5%
- Commercial 13%
- Residential 4.7%
- Civic 1.9%
Largest Zones share of zoned land by district
Open Space
Planned Unit Development
Heavy Industrial
Single Family Residential
Single Multiple Family Residential
Biwabik, MN zones 5,575 acres across 10 districts. Commercial zoning covers 13% of zoned land, residential 4.7%, open space 37.5% and industrial 20.5%. The largest single district is Open Space at 37.5%. For commercial buyers the practical constraint is that only 33.5% of land carries a commercial or industrial designation.
Open Space (O)
To provide areas within the community where development has been reserved for future consideration as patterns dictate. In addition, areas reserved for minimal development due to steep topography, poor soil conditions, wetlands, bedrock, poor access and other factors that make such property unsuitable for development. These lands will encourage preservation…
Market overview
Demographics & Economy
Biwabik, MN has 4,143 residents in 2,316 households. Density runs 47 people per square mile. Median household income here is $57,325 and median gross rent $530 a month.
4,143
Population
2,316
Households
1.8
Avg Household Size
50
Median Age
20%
College-Educated
93%
High-School Grad
88.3 sq mi
ZIP Area
47
Density / Sq Mi
$57,325
Median Household Income
$44,524
Median Earnings
$530
Median Rent
$120,859
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| McKinley | — | — |
| Aurora | — | — |
| Virginia | — | — |
| Gilbert | — | — |
Commercial property in Biwabik, MN asks $115/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Biwabik?
Commercial property in Biwabik, MN asks an average of $115 per square foot. Multifamily carries the highest asking price at $129/SF.
What zoning applies to commercial property in Biwabik?
Biwabik, MN zones 5,575 acres across 10 districts, of which 13% is commercial and 20.5% industrial. The largest single district is Open Space at 37.5% of zoned land. To provide areas within the community where development has been reserved for future consideration as patterns dictate. In addition, areas reserved for minimal development due to steep topography, poor soil conditions, wetlands, bedrock, poor access and other factors that make such property unsuitable for development. These lands will encourage preservation… Residential zoning covers 4.7% and open space 37.5%.
Where does Realmo's Biwabik market data come from?
Realmo compiles Biwabik, MN figures from 6 active sale listings, 61 tracked off-market properties, the current Biwabik zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 0 active for-lease listings in Biwabik, 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: 5,575 zoned acres across 10 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
