Commercial Real Estate Market in Delano, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
31 active listings and 127 off-market properties in Delano, MN.
Market Trends
Delano, MN spans 44.9 square miles in Wright County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Delano, 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 Delano, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Delano, 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 Delano, 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 64.2%
- Industrial 15.1%
- Planned_development 9.9%
- Commercial 6.5%
- Agricultural 4.4%
Largest Zones share of zoned land by district
Single Family Residential
Single Family Residential
Single Family Estate Residential
General Industrial
Single And Two Family Residential
Delano, MN zones 3,157 acres across 20 districts. Commercial zoning covers 6.5% of zoned land, residential 64.2% and industrial 15.1%. The largest single district is Single Family Residential at 23.3%. For commercial buyers the practical constraint is that only 21.5% of land carries a commercial or industrial designation.
Single Family Residential (R-2)
SECTION 51.08. R-2, SINGLE FAMILY RESIDENTIAL DISTRICT Subd. A. Purpose. The purpose of the R-2, Single Family Residential District is to provide for low density single family detac hed residential dwelling units and directly related, complementary uses. Subd. B. Permitted Uses. The following are permitted uses in the R-2 District: 1. Day care facilities, as…
Market overview
Demographics & Economy
Delano, MN has 9,729 residents in 3,684 households. Density runs 217 people per square mile. Median household income here is $118,036 and median gross rent $927 a month.
9,729
Population
3,684
Households
2.6
Avg Household Size
39
Median Age
42%
College-Educated
98%
High-School Grad
44.9 sq mi
ZIP Area
217
Density / Sq Mi
$118,036
Median Household Income
$65,990
Median Earnings
$927
Median Rent
$382,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Independence | — | — |
| Rockford | — | — |
| Watertown | — | — |
| Greenfield | — | — |
Commercial property in Delano, MN asks $252/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Delano?
Commercial property in Delano, MN asks an average of $252 per square foot. The 8 most recent recorded sales traded at a median of $131/SF, so asking sits 92% above the achieved median.
What zoning applies to commercial property in Delano?
Delano, MN zones 3,157 acres across 20 districts, of which 6.5% is commercial and 15.1% industrial. The largest single district is Single Family Residential at 23.3% of zoned land. SECTION 51.08. R-2, SINGLE FAMILY RESIDENTIAL DISTRICT Subd. A. Purpose. The purpose of the R-2, Single Family Residential District is to provide for low density single family detac hed residential dwelling units and directly related, complementary uses. Subd. B. Permitted Uses. The following are permitted uses in the R-2 District: 1. Day care facilities, as… Residential zoning covers 64.2% and open space 0%.
Where does Realmo's Delano market data come from?
Realmo compiles Delano, MN figures from 8 recent recorded sales, 30 active sale listings, 1 active lease listings, 127 tracked off-market properties, the current Delano zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 30 active for-sale and 1 active for-lease listings in Delano, 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: 3,157 zoned acres across 20 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
