Commercial Real Estate Market in Graceville, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 66 off-market properties in Graceville, MN.
Market Trends
Graceville, MN spans 148.8 square miles in Big Stone County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Graceville, 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 Graceville, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Graceville, 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 Graceville, 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 64.3%
- Civic 30.5%
Largest Zones share of zoned land by district
Low Density Residential District
General Business District
Medium Density Residential District
No Zoning
Agricultural Open Space District
Low Density Residential District (R-1)
SECTION 5 �R-1� LOW DENSITY RESIDENTIAL DISTRICT Subd. 1. Purpose. The Low Density Residential District is intended to establish an area of low-density residential uses consisting of one and two-family dwellings and directly related complimentary uses. Subd. 2. Permitted Uses. The following are permitted uses: One-family dwelling. Two-family dwelling, if on…
Market overview
Demographics & Economy
Graceville, MN has 954 residents in 395 households. Density runs 6 people per square mile. Median household income here is $66,250 and median gross rent $705 a month.
954
Population
395
Households
2.4
Avg Household Size
46
Median Age
15%
College-Educated
95%
High-School Grad
148.8 sq mi
ZIP Area
6
Density / Sq Mi
$66,250
Median Household Income
$46,058
Median Earnings
$705
Median Rent
$118,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Barry | — | — |
| Johnson | — | — |
| Clinton | — | — |
| Dumont | — | — |
Commercial property in Graceville, MN asks $14/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Graceville?
Commercial property in Graceville, MN asks an average of $14 per square foot.
Where does Realmo's Graceville market data come from?
Realmo compiles Graceville, MN figures from 4 active sale listings, 66 tracked off-market properties, the current Graceville 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 Graceville, 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: 339 zoned acres across 5 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
