Commercial Real Estate Market in Elysian, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
7 active listings and 52 off-market properties in Elysian, MN.
Market Trends
Elysian, MN spans 17.9 square miles in Le Sueur County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Elysian, 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 Elysian, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Elysian, 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 Elysian, 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 85.4%
- Industrial 8%
- Commercial 6.6%
Largest Zones share of zoned land by district
Single Family
Industrial
Multifamily
Highway
Downtown
Elysian, MN zones 766 acres across 5 districts. Commercial zoning covers 6.6% of zoned land, residential 85.4% and industrial 8%. The largest single district is Single Family at 78%. For commercial buyers the practical constraint is that only 14.6% of land carries a commercial or industrial designation.
Single Family (R1)
Section 6.0. R1 - General Residential Zone Subd. A. Purpose. The R1 district is intended to be compri sed basically of present and future low density housing, augmented with compatible medium density housing and appropriate miscellaneous uses. These additional uses are conditional and are to be further regulated by applying conditional use standards. Subd. B…
Market overview
Demographics & Economy
Elysian, MN has 1,271 residents in 664 households. Density runs 71 people per square mile. Median household income here is $103,542 and median gross rent $1,093 a month.
1,271
Population
664
Households
1.9
Avg Household Size
50
Median Age
33%
College-Educated
97%
High-School Grad
17.9 sq mi
ZIP Area
71
Density / Sq Mi
$103,542
Median Household Income
$56,615
Median Earnings
$1,093
Median Rent
$357,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Waterville | — | — |
| Janesville | — | — |
| Madison Lake | — | — |
| Kilkenny | — | — |
Commercial property in Elysian, MN asks $326/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Elysian?
Commercial property in Elysian, MN asks an average of $326 per square foot.
What zoning applies to commercial property in Elysian?
Elysian, MN zones 766 acres across 5 districts, of which 6.6% is commercial and 8% industrial. The largest single district is Single Family at 78% of zoned land. Section 6.0. R1 - General Residential Zone Subd. A. Purpose. The R1 district is intended to be compri sed basically of present and future low density housing, augmented with compatible medium density housing and appropriate miscellaneous uses. These additional uses are conditional and are to be further regulated by applying conditional use standards. Subd. B… Residential zoning covers 85.4% and open space 0%.
Where does Realmo's Elysian market data come from?
Realmo compiles Elysian, MN figures from 7 active sale listings, 52 tracked off-market properties, the current Elysian zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 7 active for-sale and 0 active for-lease listings in Elysian, 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: 766 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
