Commercial Real Estate Market in Greenfield, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 2 off-market properties in Greenfield, MN.
Market Trends
Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Greenfield, 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 Greenfield, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Greenfield, 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 space in Greenfield, MN asks $176/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 96.7%
- Commercial 1.2%
- Industrial 1.2%
- Civic 0.6%
Largest Zones share of zoned land by district
Rural Residential
Park
Residential
Commercial Retail Services
Residential
Greenfield, MN zones 13,258 acres across 11 districts. Commercial zoning covers 1.2% of zoned land, residential 96.7% and industrial 1.2%. The largest single district is Rural Residential at 81.4%. For commercial buyers the practical constraint is that only 2.4% of land carries a commercial or industrial designation.
Rural Residential (R-R)
The Rural Residential District (R-R) shall be established for the purpose of providing for residential development affording enjoyment of the rural lifestyle. In addition to the Rural Residential properties that have Individual Sewer Treatment Systems (ISTS), a residential development Meadows of Whisper Creek has its own wastewater treatment facility within…
Market overview
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Rockford | — | — |
| Loretto | — | — |
| Hanover | — | — |
| Independence | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Greenfield?
Greenfield, MN zones 13,258 acres across 11 districts, of which 1.2% is commercial and 1.2% industrial. The largest single district is Rural Residential at 81.4% of zoned land. The Rural Residential District (R-R) shall be established for the purpose of providing for residential development affording enjoyment of the rural lifestyle. In addition to the Rural Residential properties that have Individual Sewer Treatment Systems (ISTS), a residential development Meadows of Whisper Creek has its own wastewater treatment facility within… Residential zoning covers 96.7% and open space 0%.
Where does Realmo's Greenfield market data come from?
Realmo compiles Greenfield, MN figures from 1 active sale listings, 2 tracked off-market properties, the current Greenfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Greenfield, 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: 13,258 zoned acres across 11 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
