Commercial Real Estate Market in Champlin, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
14 active listings and 194 off-market properties in Champlin, MN. Commercial property asks $1,035/SF to buy and $11.50/SF/Yr to lease.
Market Trends
Champlin, MN spans 8.2 square miles in Hennepin County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Champlin, 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 Champlin, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Champlin, 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 Champlin, MN asks $176/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 64.9%
- Planned_development 31%
- Commercial 2.4%
- Open space 1%
- Industrial 0.5%
- Civic 0.2%
Largest Zones share of zoned land by district
Single Family Residential
Residential Agricultural
Planned Unit Development
Single Family Residential Planned Unit Development
Commercial General Business Planned Unit Development
Single Family Residential (R-1)
R-1 single-family residential district. This district is intended to provide single-family residences in areas with public sanitary sewer, stormsewer and municipal water. Exception: Areas that have been assessed for public sanitary sewer and/or municipal water and/or storm sewer may be subdivided into lots containing not less than 10,000 square feet with the…
Market overview
Demographics & Economy
Champlin, MN has 23,919 residents in 8,932 households. Density runs 2,934 people per square mile. Median household income here is $115,719 and median gross rent $1,597 a month.
23,919
Population
8,932
Households
2.7
Avg Household Size
40
Median Age
37%
College-Educated
98%
High-School Grad
8.2 sq mi
ZIP Area
2,934
Density / Sq Mi
$115,719
Median Household Income
$56,798
Median Earnings
$1,597
Median Rent
$338,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Anoka | — | — |
| Dayton | — | — |
| Coon Rapids | — | — |
| Andover | — | — |
Commercial property in Champlin, MN asks $1,035/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Champlin?
Commercial property in Champlin, MN asks an average of $1,035 per square foot. Multifamily carries the highest asking price at $176/SF.
How much does it cost to lease commercial space in Champlin?
Asking lease rates in Champlin, MN average $11.50 per square foot per year.
Where does Realmo's Champlin market data come from?
Realmo compiles Champlin, MN figures from 7 recent recorded sales, 5 active sale listings, 9 active lease listings, 194 tracked off-market properties, the current Champlin zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 9 active for-lease listings in Champlin, 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: 5,123 zoned acres across 21 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
