Commercial Real Estate Market in Frazee, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
18 active listings and 114 off-market properties in Frazee, MN.
Market Trends
Frazee, MN spans 198.0 square miles in Becker County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Frazee, 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 Frazee, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Frazee, 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 Frazee, 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 89.7%
- Commercial 6%
- Civic 2.7%
- Industrial 1.6%
Largest Zones share of zoned land by district
Single And Two Family Residential
Multiple Family Residential
General Commercial
Limited Multiple Family Residential
Downtown Commercial
Frazee, MN zones 782 acres across 6 districts. Commercial zoning covers 6% of zoned land, residential 89.7% and industrial 1.6%. The largest single district is Single And Two Family Residential at 79.9%. For commercial buyers the practical constraint is that only 7.6% of land carries a commercial or industrial designation.
General Commercial (C-3)
I. BUILDING DESIGN AND CONSTRUCTION: All buildings within the General Commercial (C-3) District shall meet the following design and construction standards. a. Exterior Wall Finish: 1. All exterior wall finishes that are exposed to front or side streets on any building shall be of the following materials or combination of materials: i. Face brick; ii. Natural…
Market overview
Demographics & Economy
Frazee, MN has 5,361 residents in 2,735 households. Density runs 27 people per square mile. Median household income here is $72,742 and median gross rent $882 a month.
5,361
Population
2,735
Households
2
Avg Household Size
41
Median Age
21%
College-Educated
93%
High-School Grad
198 sq mi
ZIP Area
27
Density / Sq Mi
$72,742
Median Household Income
$40,625
Median Earnings
$882
Median Rent
$235,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Vergas | — | — |
| Detroit Lakes | — | — |
| Perham | — | — |
| Dent | — | — |
Commercial property in Frazee, MN asks $462/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Frazee?
Commercial property in Frazee, MN asks an average of $462 per square foot.
What zoning applies to commercial property in Frazee?
Frazee, MN zones 782 acres across 6 districts, of which 6% is commercial and 1.6% industrial. The largest single district is Single And Two Family Residential at 79.9% of zoned land. Residential zoning covers 89.7% and open space 0%.
Where does Realmo's Frazee market data come from?
Realmo compiles Frazee, MN figures from 18 active sale listings, 114 tracked off-market properties, the current Frazee zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 18 active for-sale and 0 active for-lease listings in Frazee, 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: 782 zoned acres across 6 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
