Commercial Real Estate Market in Dundas, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 100 off-market properties in Dundas, MN.
Market Trends
Dundas, MN spans 20.5 square miles in Rice County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Dundas, 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 Dundas, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Dundas, 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 Dundas, 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 72.6%
- Industrial 14.8%
- Open space 8.5%
- Commercial 2.2%
- Mixed use 1.9%
Largest Zones share of zoned land by district
High Density Residential
Single Family Residential
Natural Resource Single Family Residential
Multifamily Residential
Limited Industrial
Dundas, MN zones 1,172 acres across 11 districts. Commercial zoning covers 2.2% of zoned land, residential 72.6%, open space 8.5% and industrial 14.8%. The largest single district is High Density Residential at 18.3%. For commercial buyers the practical constraint is that only 17.1% of land carries a commercial or industrial designation.
High Density Residential (R-4)
The purpose of this district is to allow the construction of multiple family buildings
Market overview
Demographics & Economy
Dundas, MN has 2,168 residents in 855 households. Density runs 106 people per square mile. Median household income here is $112,273 and median gross rent $1,214 a month.
2,168
Population
855
Households
2.5
Avg Household Size
37
Median Age
41%
College-Educated
96%
High-School Grad
20.5 sq mi
ZIP Area
106
Density / Sq Mi
$112,273
Median Household Income
$60,855
Median Earnings
$1,214
Median Rent
$316,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Northfield | — | — |
| Waterford | — | — |
| Nerstrand | — | — |
| Dennison | — | — |
Commercial property in Dundas, MN asks $1,333/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Dundas?
Commercial property in Dundas, MN asks an average of $1,333 per square foot. The 3 most recent recorded sales traded at a median of $116/SF, so asking sits 1050% above the achieved median.
What zoning applies to commercial property in Dundas?
Dundas, MN zones 1,172 acres across 11 districts, of which 2.2% is commercial and 14.8% industrial. The largest single district is High Density Residential at 18.3% of zoned land. The purpose of this district is to allow the construction of multiple family buildings Residential zoning covers 72.6% and open space 8.5%.
Where does Realmo's Dundas market data come from?
Realmo compiles Dundas, MN figures from 6 recent recorded sales, 3 active sale listings, 1 active lease listings, 100 tracked off-market properties, the current Dundas 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 1 active for-lease listings in Dundas, 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: 1,172 zoned acres across 11 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
