Commercial Real Estate Market in Glencoe, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
7 active listings and 312 off-market properties in Glencoe, MN.
Market Trends
Glencoe, MN spans 135.8 square miles in McLeod County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Glencoe, 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 Glencoe, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Glencoe, 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 Glencoe, 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 73.8%
- Industrial 13.5%
- Commercial 12.8%
Largest Zones share of zoned land by district
Single Family Residential
Central Business District
General Industrial
Limited Industrial
Multifamily Residential
Glencoe, MN zones 2,041 acres across 6 districts. Commercial zoning covers 12.8% of zoned land, residential 73.8% and industrial 13.5%. The largest single district is Single Family Residential at 68.5%. For commercial buyers the practical constraint is that only 26.2% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Glencoe, MN has 8,145 residents in 3,423 households. Density runs 60 people per square mile. Median household income here is $73,314 and median gross rent $921 a month.
8,145
Population
3,423
Households
2.4
Avg Household Size
41
Median Age
12%
College-Educated
90%
High-School Grad
135.8 sq mi
ZIP Area
60
Density / Sq Mi
$73,314
Median Household Income
$43,250
Median Earnings
$921
Median Rent
$235,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Plato | — | — |
| Biscay | — | — |
| New Auburn | — | — |
| Hamburg | — | — |
Commercial property in Glencoe, MN asks $44/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Glencoe?
Commercial property in Glencoe, MN asks an average of $44 per square foot. The 6 most recent recorded sales traded at a median of $41/SF, so asking sits 9% above the achieved median.
What zoning applies to commercial property in Glencoe?
Glencoe, MN zones 2,041 acres across 6 districts, of which 12.8% is commercial and 13.5% industrial. The largest single district is Single Family Residential at 68.5% of zoned land. Residential zoning covers 73.8% and open space 0%.
Where does Realmo's Glencoe market data come from?
Realmo compiles Glencoe, MN figures from 7 recent recorded sales, 7 active sale listings, 312 tracked off-market properties, the current Glencoe zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 7 active for-sale and 0 active for-lease listings in Glencoe, 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: 2,041 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
