Commercial Real Estate Market in Ellsworth, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Ellsworth, MN spans 47.5 square miles in Nobles County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Ellsworth, 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 Ellsworth, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Ellsworth, 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 Ellsworth, 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
- Agricultural 45.3%
- Residential 36.6%
- Commercial 15%
- Industrial 3.2%
Largest Zones share of zoned land by district
Agricultural
Residential
Business And Commercial
Industrial
Agricultural (A)
The intent of this zone is to provide agricultural services to the community
Market overview
Demographics & Economy
Ellsworth, MN has 754 residents in 287 households. Density runs 16 people per square mile. Median household income here is $66,667 and median gross rent $597 a month.
754
Population
287
Households
2.6
Avg Household Size
44
Median Age
16%
College-Educated
99%
High-School Grad
47.5 sq mi
ZIP Area
16
Density / Sq Mi
$66,667
Median Household Income
$36,793
Median Earnings
$597
Median Rent
$118,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Kanaranzi | — | — |
| Little Rock | — | — |
| Magnolia | — | — |
| Edna | — | — |
Methodology & data sources
- 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: 423 zoned acres across 4 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
