Commercial Real Estate Market in Hinckley, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
22 active listings and 254 off-market properties in Hinckley, MN.
Market Trends
Hinckley, MN spans 306.4 square miles in Pine County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hinckley, 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 Hinckley, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Hinckley, 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 Hinckley, 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
- Commercial 43%
- Residential 40.8%
- Planned_development 6.3%
- Open space 1.4%
- Agricultural 0.5%
Largest Zones share of zoned land by district
General Business
One Family Dwelling
Public Semi Public
Planned Unit Development
Residential Business
Hinckley, MN zones 2,473 acres across 12 districts. Commercial zoning covers 43% of zoned land, residential 40.8% and open space 1.4%. The largest single district is General Business at 36.3%. For commercial buyers the practical constraint is that only 43% of land carries a commercial or industrial designation.
General Business (GB)
GB General Business District 155.030 RB Residential Business District 155.031 I Industrial District 155.032 A Agricultural District 155.033 C Conservation District 155.034 Off-street parking and loading Planned Unit Developments 155.045 General provisions 155.046 Purpose and intent 155.047 General requirements and standards 155.048 Special requirements and s…
Market overview
Demographics & Economy
Hinckley, MN has 5,057 residents in 3,117 households. Density runs 17 people per square mile. Median household income here is $61,319 and median gross rent $975 a month.
5,057
Population
3,117
Households
1.6
Avg Household Size
43
Median Age
13%
College-Educated
90%
High-School Grad
306.4 sq mi
ZIP Area
17
Density / Sq Mi
$61,319
Median Household Income
$33,465
Median Earnings
$975
Median Rent
$206,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Brook Park | — | — |
| Sandstone | — | — |
| Hammond | — | — |
| Pine City | — | — |
Commercial property in Hinckley, MN asks $163/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hinckley?
Commercial property in Hinckley, MN asks an average of $163 per square foot. The 4 most recent recorded sales traded at a median of $69/SF, so asking sits 138% above the achieved median.
What zoning applies to commercial property in Hinckley?
Hinckley, MN zones 2,473 acres across 12 districts, of which 43% is commercial and 0% industrial. The largest single district is General Business at 36.3% of zoned land. GB General Business District 155.030 RB Residential Business District 155.031 I Industrial District 155.032 A Agricultural District 155.033 C Conservation District 155.034 Off-street parking and loading Planned Unit Developments 155.045 General provisions 155.046 Purpose and intent 155.047 General requirements and standards 155.048 Special requirements and s… Residential zoning covers 40.8% and open space 1.4%.
Where does Realmo's Hinckley market data come from?
Realmo compiles Hinckley, MN figures from 5 recent recorded sales, 21 active sale listings, 1 active lease listings, 254 tracked off-market properties, the current Hinckley zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 21 active for-sale and 1 active for-lease listings in Hinckley, 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: 2,473 zoned acres across 12 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, 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
