Commercial Real Estate Market in Blaine, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
38 active listings and 817 off-market properties in Blaine, MN.
Market Trends
Blaine, MN spans 30.4 square miles in Anoka County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Blaine, 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 Blaine, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Blaine, 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 Blaine, MN asks $185/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
- Residential 70%
- Industrial 25.3%
- Commercial 2.4%
- Open space 1%
- Mixed use 0.9%
- Agricultural 0.4%
Largest Zones share of zoned land by district
Development Flex
Single Family Residential
Farm Residential
Airport
Planned Business District
Blaine, MN zones 18,475 acres across 30 districts. Commercial zoning covers 2.4% of zoned land, residential 70%, open space 1% and industrial 25.3%. The largest single district is Development Flex at 22.4%. For commercial buyers the practical constraint is that only 27.7% of land carries a commercial or industrial designation.
Development Flex (DF)
The purpose of DF zone is intended to provide for greater flexibility in land use planning and maximize the choice of housing types and styles.
Market overview
Demographics & Economy
Blaine, MN has 65,097 residents in 24,045 households. Density runs 2,144 people per square mile. Median household income here is $108,938 and median gross rent $1,713 a month.
65,097
Population
24,045
Households
2.7
Avg Household Size
37
Median Age
36%
College-Educated
94%
High-School Grad
30.4 sq mi
ZIP Area
2,144
Density / Sq Mi
$108,938
Median Household Income
$53,888
Median Earnings
$1,713
Median Rent
$347,916
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lexington | — | — |
| Spring Lake Park | — | — |
| Coon Rapids | — | — |
| Mounds View | — | — |
Commercial property in Blaine, MN asks $77/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Blaine?
Commercial property in Blaine, MN asks an average of $77 per square foot. The 6 most recent recorded sales traded at a median of $116/SF. Multifamily carries the highest asking price at $185/SF.
What zoning applies to commercial property in Blaine?
Blaine, MN zones 18,475 acres across 30 districts, of which 2.4% is commercial and 25.3% industrial. The largest single district is Development Flex at 22.4% of zoned land. The purpose of DF zone is intended to provide for greater flexibility in land use planning and maximize the choice of housing types and styles. Residential zoning covers 70% and open space 1%.
Where does Realmo's Blaine market data come from?
Realmo compiles Blaine, MN figures from 7 recent recorded sales, 21 active sale listings, 17 active lease listings, 817 tracked off-market properties, the current Blaine zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 21 active for-sale and 17 active for-lease listings in Blaine, 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: 18,475 zoned acres across 30 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
