Commercial Real Estate Market in Caledonia, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
7 active listings and 295 off-market properties in Caledonia, MN.
Market Trends
Caledonia, MN spans 175.2 square miles in Houston County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Caledonia, 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 Caledonia, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Caledonia, 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 Caledonia, 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 84.4%
- Commercial 8.1%
- Industrial 7.3%
- Civic 0.2%
Largest Zones share of zoned land by district
Agriculture
Suburban Residential
Urban Residential
Industrial
Highway Business District
Caledonia, MN zones 1,827 acres across 7 districts. Commercial zoning covers 8.1% of zoned land, residential 84.4% and industrial 7.3%. The largest single district is Agriculture at 53.8%. For commercial buyers the practical constraint is that only 15.4% of land carries a commercial or industrial designation.
Agriculture (AG)
The major purpose of this district is to allow existing agricultural and conservancy areas in the outlying parts of the city that does not have central sewer services. Limited residential development will be allowed in this district and clustering of housing units will be encouraged.
Market overview
Demographics & Economy
Caledonia, MN has 4,808 residents in 2,278 households. Density runs 27 people per square mile. Median household income here is $76,679 and median gross rent $825 a month.
4,808
Population
2,278
Households
2.1
Avg Household Size
43
Median Age
21%
College-Educated
94%
High-School Grad
175.2 sq mi
ZIP Area
27
Density / Sq Mi
$76,679
Median Household Income
$49,276
Median Earnings
$825
Median Rent
$189,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Freeburg | — | — |
| Spring Grove | — | — |
| Eitzen | — | — |
| Houston | — | — |
Commercial property in Caledonia, MN asks $304/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Caledonia?
Commercial property in Caledonia, MN asks an average of $304 per square foot. The 3 most recent recorded sales traded at a median of $58/SF, so asking sits 421% above the achieved median.
What zoning applies to commercial property in Caledonia?
Caledonia, MN zones 1,827 acres across 7 districts, of which 8.1% is commercial and 7.3% industrial. The largest single district is Agriculture at 53.8% of zoned land. The major purpose of this district is to allow existing agricultural and conservancy areas in the outlying parts of the city that does not have central sewer services. Limited residential development will be allowed in this district and clustering of housing units will be encouraged. Residential zoning covers 84.4% and open space 0%.
Where does Realmo's Caledonia market data come from?
Realmo compiles Caledonia, MN figures from 4 recent recorded sales, 7 active sale listings, 295 tracked off-market properties, the current Caledonia zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 7 active for-sale and 0 active for-lease listings in Caledonia, 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: 1,827 zoned acres across 7 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
