Commercial Real Estate Market in Crosby, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
15 active listings and 256 off-market properties in Crosby, MN.
Market Trends
Crosby, MN spans 89.2 square miles in Crow Wing County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Crosby, 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 Crosby, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Crosby, 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 Crosby, 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
- Open space 37.9%
- Industrial 27.2%
- Residential 23.9%
- Commercial 11%
Largest Zones share of zoned land by district
Public And Parks
Light Industrial
Single And Two Family Residential
Multiple Family Residential
Highway Business
Crosby, MN zones 2,080 acres across 8 districts. Commercial zoning covers 11% of zoned land, residential 23.9%, open space 37.9% and industrial 27.2%. The largest single district is Public And Parks at 37.9%. For commercial buyers the practical constraint is that only 38.3% of land carries a commercial or industrial designation.
Light Industrial (I)
It is the intent of the I District to provide for the establishment of industrial warehousing and manufacturing development.
Market overview
Demographics & Economy
Crosby, MN has 3,439 residents in 2,155 households. Density runs 39 people per square mile. Median household income here is $50,705 and median gross rent $839 a month.
3,439
Population
2,155
Households
1.6
Avg Household Size
49
Median Age
18%
College-Educated
91%
High-School Grad
89.2 sq mi
ZIP Area
39
Density / Sq Mi
$50,705
Median Household Income
$33,955
Median Earnings
$839
Median Rent
$193,600
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Crosby?
Crosby, MN zones 2,080 acres across 8 districts, of which 11% is commercial and 27.2% industrial. The largest single district is Public And Parks at 37.9% of zoned land. Residential zoning covers 23.9% and open space 37.9%.
Where does Realmo's Crosby market data come from?
Realmo compiles Crosby, MN figures from 15 active sale listings, 256 tracked off-market properties, the current Crosby 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 0 active for-lease listings in Crosby, 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: 2,080 zoned acres across 8 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
