Commercial Real Estate Market in Freeport, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Freeport, MN spans 69.4 square miles in Stearns County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Freeport, 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 Freeport, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Freeport, 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 Freeport, 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 62.5%
- Industrial 28.7%
- Special 6.4%
- Commercial 2.4%
Largest Zones share of zoned land by district
Agricultural Residential 258 Acres
General Industrial District 180 Acres
Single And Two Family Residential District 152 Acres
Shore Land Overlay District 47 Acres
Central And Neighborhood Commercial District 9 Acres
Freeport, MN zones 737 acres across 8 districts. Commercial zoning covers 2.4% of zoned land, residential 62.5% and industrial 28.7%. The largest single district is Agricultural Residential 258 Acres at 33.7%. For commercial buyers the practical constraint is that only 31.1% of land carries a commercial or industrial designation.
Agricultural Residential 258 Acres (A-1)
The agricultural/rural residence district is established for the purpose of accommodating large lot residential and agricultural development in areas which are transitioning from rural to urban densities
Market overview
Demographics & Economy
Freeport, MN has 1,949 residents in 837 households. Density runs 28 people per square mile. Median household income here is $90,893 and median gross rent $810 a month.
1,949
Population
837
Households
2.3
Avg Household Size
40
Median Age
18%
College-Educated
93%
High-School Grad
69.4 sq mi
ZIP Area
28
Density / Sq Mi
$90,893
Median Household Income
$46,087
Median Earnings
$810
Median Rent
$270,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| New Munich | — | — |
| Saint Rosa | — | — |
| Melrose | — | — |
| Albany | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Freeport?
Freeport, MN zones 737 acres across 8 districts, of which 2.4% is commercial and 28.7% industrial. The largest single district is Agricultural Residential 258 Acres at 33.7% of zoned land. The agricultural/rural residence district is established for the purpose of accommodating large lot residential and agricultural development in areas which are transitioning from rural to urban densities Residential zoning covers 62.5% and open space 0%.
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: 737 zoned acres across 8 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
