Commercial Real Estate Market in Inver Grove Heights, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
41 active listings and 339 off-market properties in Inver Grove Heights, MN.
Market Trends
Inver Grove Heights, MN spans 28.1 square miles in Dakota County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Inver Grove Heights, 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 Inver Grove Heights, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Inver Grove Heights, 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 Inver Grove Heights, MN asks $173/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
Inver Grove Heights, MN has 35,882 residents in 14,928 households. Density runs 1,278 people per square mile. Median household income here is $102,114 and median gross rent $1,409 a month.
35,882
Population
14,928
Households
2.4
Avg Household Size
41
Median Age
43%
College-Educated
95%
High-School Grad
28.1 sq mi
ZIP Area
1,278
Density / Sq Mi
$102,114
Median Household Income
$58,289
Median Earnings
$1,409
Median Rent
$383,564
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Saint Paul Park | — | — |
| Grey Cloud Island | — | — |
| Etter | — | — |
| Newport | — | — |
Commercial property in Inver Grove Heights, MN asks $115/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Inver Grove Heights?
Commercial property in Inver Grove Heights, MN asks an average of $115 per square foot. The 6 most recent recorded sales traded at a median of $155/SF. Multifamily carries the highest asking price at $173/SF.
Where does Realmo's Inver Grove Heights market data come from?
Realmo compiles Inver Grove Heights, MN figures from 7 recent recorded sales, 30 active sale listings, 11 active lease listings, 339 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 30 active for-sale and 11 active for-lease listings in Inver Grove Heights, 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
