Commercial Real Estate Market in Chatfield, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
8 active listings and 176 off-market properties in Chatfield, MN.
Market Trends
Chatfield, MN spans 126.1 square miles in Fillmore County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Chatfield, 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 Chatfield, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Chatfield, 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 Chatfield, 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 87.3%
- Industrial 7.2%
- Commercial 4.9%
- Mixed use 0.6%
Largest Zones share of zoned land by district
Single Family Residential
Rural Residential
General Industrial
Medium Density Residential
Neighborhood Commercial
Chatfield, MN zones 1,655 acres across 8 districts. Commercial zoning covers 4.9% of zoned land, residential 87.3% and industrial 7.2%. The largest single district is Single Family Residential at 59.5%. For commercial buyers the practical constraint is that only 12.2% of land carries a commercial or industrial designation.
Single Family Residential (R-1)
Accessory uses permitted in the R-1 district shall be permitted within the R-2 district. Residential towers, community garages, uses incidental to the principal use when located on the same property shall be permitted as accessory uses if they comply with division 2, accessory buildings and structures. (d) Conditional uses. The following are conditional uses…
Market overview
Demographics & Economy
Chatfield, MN has 4,705 residents in 1,789 households. Density runs 37 people per square mile. Median household income here is $93,446 and median gross rent $709 a month.
4,705
Population
1,789
Households
2.6
Avg Household Size
40
Median Age
33%
College-Educated
95%
High-School Grad
126.1 sq mi
ZIP Area
37
Density / Sq Mi
$93,446
Median Household Income
$50,241
Median Earnings
$709
Median Rent
$251,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cummingsville | — | — |
| Troy | — | — |
| Saratoga | — | — |
| Fountain | — | — |
Commercial property in Chatfield, MN asks $129/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Chatfield?
Commercial property in Chatfield, MN asks an average of $129 per square foot. The 5 most recent recorded sales traded at a median of $88/SF, so asking sits 46% above the achieved median.
What zoning applies to commercial property in Chatfield?
Chatfield, MN zones 1,655 acres across 8 districts, of which 4.9% is commercial and 7.2% industrial. The largest single district is Single Family Residential at 59.5% of zoned land. Accessory uses permitted in the R-1 district shall be permitted within the R-2 district. Residential towers, community garages, uses incidental to the principal use when located on the same property shall be permitted as accessory uses if they comply with division 2, accessory buildings and structures. (d) Conditional uses. The following are conditional uses… Residential zoning covers 87.3% and open space 0%.
Where does Realmo's Chatfield market data come from?
Realmo compiles Chatfield, MN figures from 8 recent recorded sales, 7 active sale listings, 1 active lease listings, 176 tracked off-market properties, the current Chatfield 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 1 active for-lease listings in Chatfield, 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: 1,655 zoned acres across 8 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
