Commercial Real Estate Market in Greenbush, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 54 off-market properties in Greenbush, MN.
Market Trends
Greenbush, MN spans 266.8 square miles in Roseau County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Greenbush, 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 Greenbush, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Greenbush, 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 Greenbush, 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 58.6%
- Industrial 24.2%
- Commercial 9.6%
- Open space 4.7%
- Special 2.9%
Largest Zones share of zoned land by district
General Residential
Industrial
Commercial
Original Townsite
Parks And Recreation
Greenbush, MN zones 1,041 acres across 9 districts. Commercial zoning covers 9.6% of zoned land, residential 58.6%, open space 4.7% and industrial 24.2%. The largest single district is General Residential at 38.8%. For commercial buyers the practical constraint is that only 33.8% of land carries a commercial or industrial designation.
General Residential (R2)
R2 - General Residential R3 - Restricted Residential R4 - Multi-Unit Residential R5 - High Density Residential R6 - Rural Landscape CM - Commercial ID - Industrial PR - Parks and Recreation GW - Greenway AG - Agriculture B. The districts above named are hereby established and shown on the map which shall be referred to as the "Official Zoning Map", and which…
Market overview
Demographics & Economy
Greenbush, MN has 1,471 residents in 734 households. Density runs 6 people per square mile. Median household income here is $70,625 and median gross rent $800 a month.
1,471
Population
734
Households
2
Avg Household Size
46
Median Age
20%
College-Educated
94%
High-School Grad
266.8 sq mi
ZIP Area
6
Density / Sq Mi
$70,625
Median Household Income
$47,273
Median Earnings
$800
Median Rent
$160,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Badger | — | — |
| Strathcona | — | — |
| Karlstad | — | — |
| Middle River | — | — |
Commercial property in Greenbush, MN asks $103/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Greenbush?
Commercial property in Greenbush, MN asks an average of $103 per square foot.
What zoning applies to commercial property in Greenbush?
Greenbush, MN zones 1,041 acres across 9 districts, of which 9.6% is commercial and 24.2% industrial. The largest single district is General Residential at 38.8% of zoned land. R2 - General Residential R3 - Restricted Residential R4 - Multi-Unit Residential R5 - High Density Residential R6 - Rural Landscape CM - Commercial ID - Industrial PR - Parks and Recreation GW - Greenway AG - Agriculture B. The districts above named are hereby established and shown on the map which shall be referred to as the "Official Zoning Map", and which… Residential zoning covers 58.6% and open space 4.7%.
Where does Realmo's Greenbush market data come from?
Realmo compiles Greenbush, MN figures from 2 active sale listings, 54 tracked off-market properties, the current Greenbush 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 Greenbush, 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: 1,041 zoned acres across 9 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
