Commercial Real Estate Market in Ham Lake, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
47 active listings and 255 off-market properties in Ham Lake, MN. Commercial property asks $503/SF to buy and $8.78/SF/Yr to lease.
Market Trends
Ham Lake, MN spans 68.6 square miles in Anoka County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Ham Lake, 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 Ham Lake, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Ham Lake, 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 Ham Lake, MN asks $185/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
Market overview
Demographics & Economy
Ham Lake, MN has 49,128 residents in 17,318 households. Density runs 716 people per square mile. Median household income here is $127,145 and median gross rent $1,628 a month.
49,128
Population
17,318
Households
2.8
Avg Household Size
40
Median Age
37%
College-Educated
96%
High-School Grad
68.6 sq mi
ZIP Area
716
Density / Sq Mi
$127,145
Median Household Income
$60,835
Median Earnings
$1,628
Median Rent
$402,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Andover | — | — |
| Blaine | — | — |
| Coon Rapids | — | — |
| Oak Grove | — | — |
Commercial property in Ham Lake, MN asks $503/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Ham Lake?
Commercial property in Ham Lake, MN asks an average of $503 per square foot. The 5 most recent recorded sales traded at a median of $102/SF, so asking sits 394% above the achieved median. Multifamily carries the highest asking price at $185/SF.
How much does it cost to lease commercial space in Ham Lake?
Asking lease rates in Ham Lake, MN average $8.78 per square foot per year.
Where does Realmo's Ham Lake market data come from?
Realmo compiles Ham Lake, MN figures from 5 recent recorded sales, 45 active sale listings, 2 active lease listings, 255 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 45 active for-sale and 2 active for-lease listings in Ham Lake, 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
