Commercial Real Estate Market in Dover, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 27 off-market properties in Dover, MN.
Market Trends
Dover, MN spans 44.0 square miles in Olmsted County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Dover, 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 Dover, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Dover, 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 Dover, 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 35.7%
- Agricultural 17.4%
- Commercial 12.7%
- Open space 5.9%
- Mixed use 5.7%
- Special 2.9%
- Industrial 1.4%
- Civic 0.7%
Largest Zones share of zoned land by district
Low Density Residential District
Agricultural Protection
C1
B1
Mixed Low Density Residential District
Low Density Residential District (R-1)
The purpose of this district is to provide a limited amount of low density residential development in those areas described as suburban subdivision area within the Comprehensive Plan that have suitable soils for long-term private sewage systems and those areas classified Low Density Residential within the Urban Service Area served by Public or other centrali…
Market overview
Demographics & Economy
Dover, MN has 1,247 residents in 497 households. Density runs 28 people per square mile. Median household income here is $115,865 and median gross rent $852 a month.
1,247
Population
497
Households
2.5
Avg Household Size
37
Median Age
29%
College-Educated
96%
High-School Grad
44 sq mi
ZIP Area
28
Density / Sq Mi
$115,865
Median Household Income
$54,423
Median Earnings
$852
Median Rent
$299,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Saint Charles | — | — |
| Eyota | — | — |
| Viola | — | — |
| Elba | — | — |
Frequently Asked Questions
Where does Realmo's Dover market data come from?
Realmo compiles Dover, MN figures from 4 recent recorded sales, 3 active sale listings, 27 tracked off-market properties, the current Dover 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 Dover, 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: 753 zoned acres across 19 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
