Commercial Real Estate Market in Clearwater, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
19 active listings and 112 off-market properties in Clearwater, MN.
Market Trends
Clearwater, MN spans 48.8 square miles in Wright County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Clearwater, 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 Clearwater, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Clearwater, 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 Clearwater, 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 26.8%
- Planned_development 26.7%
- Commercial 17.1%
- Industrial 15.1%
- Civic 6.9%
Largest Zones share of zoned land by district
Planned Unit Development
Residential Single Family
General Commercial
Light Industrial
Urban Reserve
Planned Unit Development (PUD)
DIVISION 18. - PUD, PLANNED UNIT DEVELOPMENT DISTRICT Sec. 117-922. - Purpose. The purpose of the PUD, planned unit development district is to provide comprehensive procedures and standards intended to allow greater flexibility in the development of neighborhoods and/or nonresidential areas by incorporating design modifications and/or a mixture of uses than…
Market overview
Demographics & Economy
Clearwater, MN has 5,072 residents in 2,253 households. Density runs 104 people per square mile. Median household income here is $109,242 and median gross rent $1,130 a month.
5,072
Population
2,253
Households
2.3
Avg Household Size
41
Median Age
28%
College-Educated
97%
High-School Grad
48.8 sq mi
ZIP Area
104
Density / Sq Mi
$109,242
Median Household Income
$52,409
Median Earnings
$1,130
Median Rent
$307,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Saint Augusta | — | — |
| Clear Lake | — | — |
| Silver Creek | — | — |
| Becker | — | — |
Commercial property in Clearwater, MN asks $738/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Clearwater?
Commercial property in Clearwater, MN asks an average of $738 per square foot. The 3 most recent recorded sales traded at a median of $439/SF, so asking sits 68% above the achieved median.
Where does Realmo's Clearwater market data come from?
Realmo compiles Clearwater, MN figures from 4 recent recorded sales, 18 active sale listings, 1 active lease listings, 112 tracked off-market properties, the current Clearwater zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 18 active for-sale and 1 active for-lease listings in Clearwater, 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: 1,122 zoned acres across 10 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
