Commercial Real Estate Market in Chaska, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
37 active listings and 396 off-market properties in Chaska, MN. Commercial property asks $18/SF to buy and $21.76/SF/Yr to lease.
Market Trends
Chaska, MN spans 39.9 square miles in Carver County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Chaska, 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 Chaska, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Chaska, 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 Chaska, 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 51.4%
- Commercial 9.3%
- Open space 8.8%
- Industrial 7.5%
- Special 4.5%
Largest Zones share of zoned land by district
Rural Residential 2
Open Development
Public Open Space
Flood
Medium Density Residence
Chaska, MN zones 9,829 acres across 148 districts. Commercial zoning covers 9.3% of zoned land, residential 51.4%, open space 8.8% and industrial 7.5%. The largest single district is Rural Residential 2 at 13.6%. For commercial buyers the practical constraint is that only 16.8% of land carries a commercial or industrial designation.
Rural Residential 2 (RR2)
This district is intended for application to land located at the edge of Chaska corporate limits where a green belt separation from adjacent communities is desired. The district is intended to help preserve Chaska identity as a separate free standing community as urban expansion of the Twin Cities metropolitan area occurs around Chaska. Toward this end, the…
Market overview
Demographics & Economy
Chaska, MN has 29,729 residents in 11,453 households. Density runs 745 people per square mile. Median household income here is $111,781 and median gross rent $1,430 a month.
29,729
Population
11,453
Households
2.6
Avg Household Size
37
Median Age
47%
College-Educated
93%
High-School Grad
39.9 sq mi
ZIP Area
745
Density / Sq Mi
$111,781
Median Household Income
$63,293
Median Earnings
$1,430
Median Rent
$389,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Carver | — | — |
| Shakopee | — | — |
| Chanhassen | — | — |
| Victoria | — | — |
Commercial property in Chaska, MN asks $18/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Chaska?
Commercial property in Chaska, MN asks an average of $18 per square foot. The 3 most recent recorded sales traded at a median of $162/SF.
How much does it cost to lease commercial space in Chaska?
Asking lease rates in Chaska, MN average $21.76 per square foot per year.
What zoning applies to commercial property in Chaska?
Chaska, MN zones 9,829 acres across 148 districts, of which 9.3% is commercial and 7.5% industrial. The largest single district is Rural Residential 2 at 13.6% of zoned land. This district is intended for application to land located at the edge of Chaska corporate limits where a green belt separation from adjacent communities is desired. The district is intended to help preserve Chaska identity as a separate free standing community as urban expansion of the Twin Cities metropolitan area occurs around Chaska. Toward this end, the… Residential zoning covers 51.4% and open space 8.8%.
Where does Realmo's Chaska market data come from?
Realmo compiles Chaska, MN figures from 5 recent recorded sales, 21 active sale listings, 16 active lease listings, 396 tracked off-market properties, the current Chaska 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 16 active for-lease listings in Chaska, 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: 9,829 zoned acres across 148 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
