Commercial Real Estate Market in Granite Falls, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 249 off-market properties in Granite Falls, MN.
Market Trends
Granite Falls, MN spans 145.9 square miles in Yellow Medicine County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Granite Falls, 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 Granite Falls, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Granite Falls, 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 Granite Falls, MN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Granite Falls, MN has 3,903 residents in 1,793 households. Density runs 27 people per square mile. Median household income here is $66,354 and median gross rent $805 a month.
3,903
Population
1,793
Households
2.2
Avg Household Size
44
Median Age
22%
College-Educated
89%
High-School Grad
145.9 sq mi
ZIP Area
27
Density / Sq Mi
$66,354
Median Household Income
$40,577
Median Earnings
$805
Median Rent
$154,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Maynard | — | — |
| Hanley Falls | — | — |
| Hazel Run | — | — |
| Sacred Heart | — | — |
Commercial property in Granite Falls, MN asks $19/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Granite Falls?
Commercial property in Granite Falls, MN asks an average of $19 per square foot.
Where does Realmo's Granite Falls market data come from?
Realmo compiles Granite Falls, MN figures from 2 recent recorded sales, 3 active sale listings, 249 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 0 active for-lease listings in Granite Falls, 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.
- 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
