Commercial Real Estate Market in Geneva, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 36 off-market properties in Geneva, MN.
Market Trends
Geneva, MN spans 0.5 square miles in Freeborn County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Geneva, 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 Geneva, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Geneva, 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 Geneva, 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 83.1%
- Commercial 12.7%
- Industrial 4.3%
Largest Zones share of zoned land by district
Single Family Residential
Commercial
Central Business
Industrial
Geneva, MN zones 302 acres across 4 districts. Commercial zoning covers 12.7% of zoned land, residential 83.1% and industrial 4.3%. The largest single district is Single Family Residential at 83.1%. For commercial buyers the practical constraint is that only 16.9% of land carries a commercial or industrial designation.
Single Family Residential (R-1)
LE XI: BUSINESS REGULATIONS TITLE XIII: GENERAL OFFENSES TITLE XV: LAND USAGE CHAPTER 150: GENERAL PROVISIONS CHAPTER 151: ZONING GENERAL PROVISIONS ZONING DISTRICTS § 151.20 CLASSIFICATION OF ZONING DISTRICTS. § 151.21 R-1 SINGLE-FAMILY RESIDENTIAL DISTRICT. § 151.22 R-2 MULTIPLE FAMILY RESIDENTIAL DISTRICT. § 151.23 MANUFACTURED HOME PARKS. § 151.24 MANUFA…
Market overview
Demographics & Economy
Geneva, MN has 515 residents in 181 households. Density runs 947 people per square mile. Median household income here is $63,750.
515
Population
181
Households
2.8
Avg Household Size
43
Median Age
21%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
947
Density / Sq Mi
$63,750
Median Household Income
$52,750
Median Earnings
$0
Median Rent
$166,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Summit | — | — |
| Ellendale | — | — |
| Clarks Grove | — | — |
| Hollandale | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Geneva?
Geneva, MN zones 302 acres across 4 districts, of which 12.7% is commercial and 4.3% industrial. The largest single district is Single Family Residential at 83.1% of zoned land. LE XI: BUSINESS REGULATIONS TITLE XIII: GENERAL OFFENSES TITLE XV: LAND USAGE CHAPTER 150: GENERAL PROVISIONS CHAPTER 151: ZONING GENERAL PROVISIONS ZONING DISTRICTS § 151.20 CLASSIFICATION OF ZONING DISTRICTS. § 151.21 R-1 SINGLE-FAMILY RESIDENTIAL DISTRICT. § 151.22 R-2 MULTIPLE FAMILY RESIDENTIAL DISTRICT. § 151.23 MANUFACTURED HOME PARKS. § 151.24 MANUFA… Residential zoning covers 83.1% and open space 0%.
Where does Realmo's Geneva market data come from?
Realmo compiles Geneva, MN figures from 2 active sale listings, 36 tracked off-market properties, the current Geneva zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Geneva, 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: 302 zoned acres across 4 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
