Commercial Real Estate Market in Ellendale, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 62 off-market properties in Ellendale, MN.
Market Trends
Ellendale, MN spans 103.5 square miles in Steele County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Ellendale, 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 Ellendale, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Ellendale, 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 Ellendale, 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 46.7%
- Agricultural 35.6%
- Industrial 10.8%
- Commercial 7%
Largest Zones share of zoned land by district
Residential
Agriculture
Industrial
Commercial
Residential
Residential (R-1)
The R-1 Residential District is intended to establish a district which will define and protect an area suitable for low density residential developments as the principal use of the land and to allow related facilities desirable for a residential environment. Single-family dwellings are the primary residential use.
Market overview
Demographics & Economy
Ellendale, MN has 1,899 residents in 813 households. Density runs 18 people per square mile. Median household income here is $96,815 and median gross rent $833 a month.
1,899
Population
813
Households
2.3
Avg Household Size
44
Median Age
25%
College-Educated
95%
High-School Grad
103.5 sq mi
ZIP Area
18
Density / Sq Mi
$96,815
Median Household Income
$47,669
Median Earnings
$833
Median Rent
$221,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Summit | — | — |
| Geneva | — | — |
| Hope | — | — |
| Clarks Grove | — | — |
Commercial property in Ellendale, MN asks $130/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Ellendale?
Commercial property in Ellendale, MN asks an average of $130 per square foot.
Where does Realmo's Ellendale market data come from?
Realmo compiles Ellendale, MN figures from 6 active sale listings, 62 tracked off-market properties, the current Ellendale zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 0 active for-lease listings in Ellendale, 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: 494 zoned acres across 5 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
