Commercial Real Estate Market in Courtland, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
20 active listings and 117 off-market properties in Courtland, MN.
Market Trends
Courtland, MN spans 35.8 square miles in Nicollet County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Courtland, 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 Courtland, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Courtland, 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 Courtland, 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%
- Industrial 34.8%
- Agricultural 10.4%
- Commercial 3.9%
Largest Zones share of zoned land by district
Single City Residential
Light Industry Highway Business
Industry
Agriculture
Business Residential Mix
Courtland, MN zones 1,678 acres across 9 districts. Commercial zoning covers 3.9% of zoned land, residential 51% and industrial 34.8%. The largest single district is Single City Residential at 49.5%. For commercial buyers the practical constraint is that only 38.6% of land carries a commercial or industrial designation.
Single City Residential (R1)
For the placement of one single family Dwelling on each Lot. Of the planned R-1 areas, only the portions closer to the sewer, water and roads will actually be zoned R-1. The remaining area remains A-1 until such time as sanitary sewer, water and roads become available
Market overview
Demographics & Economy
Courtland, MN has 1,115 residents in 453 households. Density runs 31 people per square mile. Median household income here is $101,250 and median gross rent $964 a month.
1,115
Population
453
Households
2.5
Avg Household Size
41
Median Age
30%
College-Educated
97%
High-School Grad
35.8 sq mi
ZIP Area
31
Density / Sq Mi
$101,250
Median Household Income
$51,898
Median Earnings
$964
Median Rent
$256,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Searles | — | — |
| New Ulm | — | — |
| Klossner | — | — |
| Nicollet | — | $2.22 |
Commercial property in Courtland, MN asks $362/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Courtland?
Commercial property in Courtland, MN asks an average of $362 per square foot.
What zoning applies to commercial property in Courtland?
Courtland, MN zones 1,678 acres across 9 districts, of which 3.9% is commercial and 34.8% industrial. The largest single district is Single City Residential at 49.5% of zoned land. For the placement of one single family Dwelling on each Lot. Of the planned R-1 areas, only the portions closer to the sewer, water and roads will actually be zoned R-1. The remaining area remains A-1 until such time as sanitary sewer, water and roads become available Residential zoning covers 51% and open space 0%.
Where does Realmo's Courtland market data come from?
Realmo compiles Courtland, MN figures from 3 recent recorded sales, 20 active sale listings, 117 tracked off-market properties, the current Courtland zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 20 active for-sale and 0 active for-lease listings in Courtland, 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: 1,678 zoned acres across 9 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
