Commercial Real Estate Market in Cromwell, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 24 off-market properties in Cromwell, MN.
Market Trends
Cromwell, MN spans 89.6 square miles in Carlton County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Cromwell, 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 Cromwell, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Cromwell, 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 Cromwell, 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 97.5%
- Commercial 1.7%
- Industrial 0.8%
Largest Zones share of zoned land by district
Limited Agricultural
Residential
General Business
General Industry
Cromwell, MN zones 1,302 acres across 4 districts. Commercial zoning covers 1.7% of zoned land, residential 97.5% and industrial 0.8%. The largest single district is Limited Agricultural at 63.2%. For commercial buyers the practical constraint is that only 2.5% of land carries a commercial or industrial designation.
Limited Agricultural (A-1)
The A-1 district is established to provide for suitable areas in the City to be used for agricultural, forest management, large lot residential home sites and to allow for the retention of open space and a natural setting with uses consistent with recreational activities.
Market overview
Demographics & Economy
Cromwell, MN has 999 residents in 648 households. Density runs 11 people per square mile. Median household income here is $76,667 and median gross rent $920 a month.
999
Population
648
Households
1.5
Avg Household Size
51
Median Age
23%
College-Educated
94%
High-School Grad
89.6 sq mi
ZIP Area
11
Density / Sq Mi
$76,667
Median Household Income
$49,792
Median Earnings
$920
Median Rent
$218,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Wright | — | — |
| Sawyer | — | — |
| Fine Lakes | — | — |
| Tamarack | — | — |
Commercial property in Cromwell, MN asks $105/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Cromwell?
Commercial property in Cromwell, MN asks an average of $105 per square foot.
What zoning applies to commercial property in Cromwell?
Cromwell, MN zones 1,302 acres across 4 districts, of which 1.7% is commercial and 0.8% industrial. The largest single district is Limited Agricultural at 63.2% of zoned land. The A-1 district is established to provide for suitable areas in the City to be used for agricultural, forest management, large lot residential home sites and to allow for the retention of open space and a natural setting with uses consistent with recreational activities. Residential zoning covers 97.5% and open space 0%.
Where does Realmo's Cromwell market data come from?
Realmo compiles Cromwell, MN figures from 3 active sale listings, 24 tracked off-market properties, the current Cromwell zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 0 active for-lease listings in Cromwell, 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: 1,302 zoned acres across 4 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
