Commercial Real Estate Market in Foley, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
7 active listings and 230 off-market properties in Foley, MN.
Market Trends
Foley, MN spans 228.4 square miles in Benton County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Foley, 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 Foley, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Foley, 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 Foley, 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 77.5%
- Commercial 11.8%
- Industrial 6.1%
- Planned_development 4.7%
Largest Zones share of zoned land by district
Single Family Residential
Agricultural District
Highway Business
Planned Industrial
Single Family Residential Planned Unit Development
Foley, MN zones 1,591 acres across 9 districts. Commercial zoning covers 11.8% of zoned land, residential 77.5% and industrial 6.1%. The largest single district is Single Family Residential at 50.8%. For commercial buyers the practical constraint is that only 17.8% of land carries a commercial or industrial designation.
Single Family Residential (R1)
The intent of the R1 District is to permit the development of single and two family dwellings in the community; to provide reasonable standards for such development; to avoid overcrowding and to prohibit the use of land which would be incompatible with or detrimental to the essential residential character of such a district
Market overview
Demographics & Economy
Foley, MN has 8,668 residents in 3,322 households. Density runs 38 people per square mile. Median household income here is $91,830 and median gross rent $1,032 a month.
8,668
Population
3,322
Households
2.6
Avg Household Size
38
Median Age
19%
College-Educated
92%
High-School Grad
228.4 sq mi
ZIP Area
38
Density / Sq Mi
$91,830
Median Household Income
$47,857
Median Earnings
$1,032
Median Rent
$261,879
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ronneby | — | — |
| Gilman | — | — |
| Santiago | — | — |
| Foreston | — | — |
Commercial property in Foley, MN asks $105/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Foley?
Commercial property in Foley, MN asks an average of $105 per square foot.
What zoning applies to commercial property in Foley?
Foley, MN zones 1,591 acres across 9 districts, of which 11.8% is commercial and 6.1% industrial. The largest single district is Single Family Residential at 50.8% of zoned land. The intent of the R1 District is to permit the development of single and two family dwellings in the community; to provide reasonable standards for such development; to avoid overcrowding and to prohibit the use of land which would be incompatible with or detrimental to the essential residential character of such a district Residential zoning covers 77.5% and open space 0%.
Where does Realmo's Foley market data come from?
Realmo compiles Foley, MN figures from 3 recent recorded sales, 5 active sale listings, 2 active lease listings, 230 tracked off-market properties, the current Foley zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 2 active for-lease listings in Foley, 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: 1,591 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 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
