Commercial Real Estate Market in Cannon Falls, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
8 active listings and 322 off-market properties in Cannon Falls, MN.
Market Trends
Cannon Falls, MN spans 122.5 square miles in Goodhue County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Cannon Falls, 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 Cannon Falls, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Cannon Falls, 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 Cannon Falls, MN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Cannon Falls, MN has 8,252 residents in 3,654 households. Density runs 67 people per square mile. Median household income here is $89,023 and median gross rent $1,010 a month.
8,252
Population
3,654
Households
2.3
Avg Household Size
44
Median Age
27%
College-Educated
94%
High-School Grad
122.5 sq mi
ZIP Area
67
Density / Sq Mi
$89,023
Median Household Income
$51,639
Median Earnings
$1,010
Median Rent
$311,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Randolph | — | — |
| Stanton | — | — |
| New Trier | — | — |
| Miesville | — | — |
Commercial property in Cannon Falls, MN asks $772/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Cannon Falls?
Commercial property in Cannon Falls, MN asks an average of $772 per square foot. The 4 most recent recorded sales traded at a median of $69/SF, so asking sits 1011% above the achieved median.
Where does Realmo's Cannon Falls market data come from?
Realmo compiles Cannon Falls, MN figures from 4 recent recorded sales, 7 active sale listings, 1 active lease listings, 322 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 7 active for-sale and 1 active for-lease listings in Cannon Falls, 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, 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
