Commercial Real Estate Market in Garfield, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 44 off-market properties in Garfield, MN.
Market Trends
Garfield, MN spans 52.2 square miles in Douglas County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Garfield, 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 Garfield, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Garfield, 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 Garfield, 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
- Commercial 38.5%
- Agricultural 34.5%
- Industrial 16.8%
- Residential 8.6%
- Mixed use 1.6%
Largest Zones share of zoned land by district
Single Family Residential
Open Space
Rural Industrial
Manufactured Housing Residential
Highway Commercial Industrial
Open Space (OS)
Open Space District .................................................................. OS 5.2 DMU DOWNTOWN MIXED USE A. Purpose. The purpose of the Downtown Mixed Use (DMU) District is to establish and preserve areas for a mix of commercial, light industrial and residential uses that are not incompatible and/or that help to promote beneficial economic activi…
Market overview
Demographics & Economy
Garfield, MN has 1,523 residents in 849 households. Density runs 29 people per square mile. Median household income here is $89,875.
1,523
Population
849
Households
1.8
Avg Household Size
42
Median Age
24%
College-Educated
96%
High-School Grad
52.2 sq mi
ZIP Area
29
Density / Sq Mi
$89,875
Median Household Income
$47,200
Median Earnings
$0
Median Rent
$258,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Brandon | — | — |
| Alexandria | — | $16.91 |
| Holmes City | — | — |
| Millerville | — | — |
Frequently Asked Questions
Where does Realmo's Garfield market data come from?
Realmo compiles Garfield, MN figures from 3 recent recorded sales, 4 active sale listings, 44 tracked off-market properties, the current Garfield 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 Garfield, 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: 498 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
