Commercial Real Estate Market in Cohasset, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 107 off-market properties in Cohasset, MN.
Market Trends
Cohasset, MN spans 93.5 square miles in Itasca County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Cohasset, 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 Cohasset, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Cohasset, 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 Cohasset, 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 34.1%
- Commercial 29.3%
- Industrial 26.3%
- Special 10.2%
Largest Zones share of zoned land by district
Rural Residence District
Waterfront Residence District
Heavy Industry District
Suburban Residence District
Managed Area
Cohasset, MN zones 17,027 acres across 12 districts. Commercial zoning covers 29.3% of zoned land, residential 34.1% and industrial 26.3%. The largest single district is Rural Residence District at 27.7%. For commercial buyers the practical constraint is that only 55.7% of land carries a commercial or industrial designation.
Rural Residence District (RR)
The purpose of this district is to promote and protect areas which have low density, generally residential, development and are essentially rural in character, it is intended to allow rural activities such as agriculture, forestry, home businesses and occupations in manners which do not degrade the rural character of the area
Market overview
Demographics & Economy
Cohasset, MN has 3,667 residents in 1,924 households. Density runs 39 people per square mile. Median household income here is $82,750 and median gross rent $682 a month.
3,667
Population
1,924
Households
1.9
Avg Household Size
48
Median Age
31%
College-Educated
95%
High-School Grad
93.5 sq mi
ZIP Area
39
Density / Sq Mi
$82,750
Median Household Income
$39,671
Median Earnings
$682
Median Rent
$267,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Grand Rapids | — | — |
| Coleraine | — | — |
| Deer River | — | — |
| Bovey | — | — |
Commercial property in Cohasset, MN asks $131/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Cohasset?
Commercial property in Cohasset, MN asks an average of $131 per square foot.
What zoning applies to commercial property in Cohasset?
Cohasset, MN zones 17,027 acres across 12 districts, of which 29.3% is commercial and 26.3% industrial. The largest single district is Rural Residence District at 27.7% of zoned land. The purpose of this district is to promote and protect areas which have low density, generally residential, development and are essentially rural in character, it is intended to allow rural activities such as agriculture, forestry, home businesses and occupations in manners which do not degrade the rural character of the area Residential zoning covers 34.1% and open space 0%.
Where does Realmo's Cohasset market data come from?
Realmo compiles Cohasset, MN figures from 4 recent recorded sales, 2 active sale listings, 107 tracked off-market properties, the current Cohasset zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Cohasset, 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: 17,027 zoned acres across 12 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
