Commercial Real Estate Market in Corcoran, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
17 active listings and 11 off-market properties in Corcoran, MN.
Market Trends
Corcoran, MN spans 35.6 square miles in Hennepin County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Corcoran, 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 Corcoran, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Corcoran, 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 Corcoran, 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 63.5%
- Agricultural 24.3%
- Planned_development 4.8%
- Industrial 2.6%
- Civic 2.1%
- Mixed use 1.7%
- Commercial 1%
Largest Zones share of zoned land by district
Rural Residential
Urban Reserve
Planned Unit Development
Public And Institutional
Light Industrial
Rural Residential (RR)
The purpose of RR zone is to provide large lots for single family homes and hobby farms
Market overview
Demographics & Economy
Corcoran, MN has 8,988 residents in 3,418 households. Density runs 252 people per square mile. Median household income here is $174,120 and median gross rent $1,431 a month.
8,988
Population
3,418
Households
2.6
Avg Household Size
39
Median Age
61%
College-Educated
96%
High-School Grad
35.6 sq mi
ZIP Area
252
Density / Sq Mi
$174,120
Median Household Income
$91,534
Median Earnings
$1,431
Median Rent
$607,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Osseo | — | — |
| Maple Grove | — | — |
| Dayton | — | — |
| Brooklyn Park | — | — |
Commercial property in Corcoran, MN asks $6,637,143/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Corcoran?
Commercial property in Corcoran, MN asks an average of $6,637,143 per square foot. Multifamily carries the highest asking price at $176/SF.
Where does Realmo's Corcoran market data come from?
Realmo compiles Corcoran, MN figures from 4 recent recorded sales, 15 active sale listings, 2 active lease listings, 11 tracked off-market properties, the current Corcoran zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 15 active for-sale and 2 active for-lease listings in Corcoran, 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: 22,061 zoned acres across 18 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
