Commercial Real Estate Market in Carlos, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
15 active listings and 270 off-market properties in Carlos, MN.
Market Trends
Carlos, MN spans 40.4 square miles in Douglas County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Carlos, 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 Carlos, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Carlos, 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 Carlos, 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 55.4%
- Industrial 33.4%
- Commercial 11.2%
Largest Zones share of zoned land by district
Single Family Residential
Industrial
Commercial District
Central Business District
Multifamily Residential
Carlos, MN zones 264 acres across 5 districts. Commercial zoning covers 11.2% of zoned land, residential 55.4% and industrial 33.4%. The largest single district is Single Family Residential at 53%. For commercial buyers the practical constraint is that only 44.6% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Carlos, MN has 1,300 residents in 806 households. Density runs 32 people per square mile. Median household income here is $85,500 and median gross rent $1,054 a month.
1,300
Population
806
Households
1.6
Avg Household Size
39
Median Age
23%
College-Educated
96%
High-School Grad
40.4 sq mi
ZIP Area
32
Density / Sq Mi
$85,500
Median Household Income
$46,652
Median Earnings
$1,054
Median Rent
$282,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Miltona | — | — |
| Nelson | — | — |
| Alexandria | — | $16.91 |
| Osakis | — | — |
Commercial property in Carlos, MN asks $121/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Carlos?
Commercial property in Carlos, MN asks an average of $121 per square foot.
What zoning applies to commercial property in Carlos?
Carlos, MN zones 264 acres across 5 districts, of which 11.2% is commercial and 33.4% industrial. The largest single district is Single Family Residential at 53% of zoned land. Residential zoning covers 55.4% and open space 0%.
Where does Realmo's Carlos market data come from?
Realmo compiles Carlos, MN figures from 7 recent recorded sales, 15 active sale listings, 270 tracked off-market properties, the current Carlos zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 15 active for-sale and 0 active for-lease listings in Carlos, 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: 264 zoned acres across 5 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
