Commercial Real Estate Market in Floodwood, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 60 off-market properties in Floodwood, MN.
Market Trends
Floodwood, MN spans 355.6 square miles in St. Louis County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Floodwood, 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 Floodwood, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Floodwood, 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 space in Floodwood, MN asks $129/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 92%
- Commercial 5.7%
- Industrial 2.3%
Largest Zones share of zoned land by district
Residential Estate
Low Density Residential
Highway Commercial
Industrial District
Mobile Homes
Floodwood, MN zones 1,214 acres across 9 districts. Commercial zoning covers 5.7% of zoned land, residential 92% and industrial 2.3%. The largest single district is Residential Estate at 72.4%. For commercial buyers the practical constraint is that only 8% of land carries a commercial or industrial designation.
Residential Estate (R-1)
R-1 Residential Estates 7.1 Intent This district is intended to provide for very low -density residential development, protected as to its residential quality, values, and amenities so as to conform to the system of service available and to provide for such community facilities as will enhance the residential quality of the area. 7.1 Permitted Uses 1. Dwelli…
Market overview
Demographics & Economy
Floodwood, MN has 1,454 residents in 876 households. Density runs 4 people per square mile. Median household income here is $65,000 and median gross rent $691 a month.
1,454
Population
876
Households
1.7
Avg Household Size
50
Median Age
12%
College-Educated
93%
High-School Grad
355.6 sq mi
ZIP Area
4
Density / Sq Mi
$65,000
Median Household Income
$41,458
Median Earnings
$691
Median Rent
$162,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Halden | — | — |
| Fine Lakes | — | — |
| Balsam | — | — |
| Wawina | — | — |
Commercial property in Floodwood, MN asks $141/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Floodwood?
Commercial property in Floodwood, MN asks an average of $141 per square foot. The 6 most recent recorded sales traded at a median of $45/SF, so asking sits 216% above the achieved median. Multifamily carries the highest asking price at $129/SF.
What zoning applies to commercial property in Floodwood?
Floodwood, MN zones 1,214 acres across 9 districts, of which 5.7% is commercial and 2.3% industrial. The largest single district is Residential Estate at 72.4% of zoned land. R-1 Residential Estates 7.1 Intent This district is intended to provide for very low -density residential development, protected as to its residential quality, values, and amenities so as to conform to the system of service available and to provide for such community facilities as will enhance the residential quality of the area. 7.1 Permitted Uses 1. Dwelli… Residential zoning covers 92% and open space 0%.
Where does Realmo's Floodwood market data come from?
Realmo compiles Floodwood, MN figures from 8 recent recorded sales, 4 active sale listings, 60 tracked off-market properties, the current Floodwood zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 0 active for-lease listings in Floodwood, 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: 1,214 zoned acres across 9 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
