Commercial Real Estate Market in Isle, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
13 active listings and 185 off-market properties in Isle, MN.
Market Trends
Isle, MN spans 193.0 square miles in Mille Lacs County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Isle, 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 Isle, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Isle, 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 Isle, 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 77.5%
- Commercial 12.6%
- Open space 9.1%
- Industrial 0.8%
Largest Zones share of zoned land by district
High Density Residence
Low Density Residence
Medium Density Residence
Commercial
Open Space
Isle, MN zones 1,573 acres across 7 districts. Commercial zoning covers 12.6% of zoned land, residential 77.5%, open space 9.1% and industrial 0.8%. The largest single district is High Density Residence at 36.3%. For commercial buyers the practical constraint is that only 13.4% of land carries a commercial or industrial designation.
High Density Residence (R-3)
SECTION 151.25 R-3 HIGH DENSITY RESIDENTIAL DISTRICT. A. Purpose. T he purpose of the R-3 District is to provide for medium to high density residential housing. B. Permitted uses and structures. Within the R-3 Dist rict, except otherwise prov ided by this Code, no uses are permitted except the following: 1. Single-family dwellings. 2. Two-family dwellings. 3…
Market overview
Demographics & Economy
Isle, MN has 2,791 residents in 2,409 households. Density runs 14 people per square mile. Median household income here is $61,313 and median gross rent $836 a month.
2,791
Population
2,409
Households
1.2
Avg Household Size
55
Median Age
18%
College-Educated
93%
High-School Grad
193 sq mi
ZIP Area
14
Density / Sq Mi
$61,313
Median Household Income
$41,350
Median Earnings
$836
Median Rent
$233,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Wahkon | — | — |
| Mc Grath | — | — |
| Onamia | — | — |
| Giese | — | — |
Commercial property in Isle, MN asks $3,096/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Isle?
Commercial property in Isle, MN asks an average of $3,096 per square foot. The 4 most recent recorded sales traded at a median of $104/SF, so asking sits 2886% above the achieved median.
What zoning applies to commercial property in Isle?
Isle, MN zones 1,573 acres across 7 districts, of which 12.6% is commercial and 0.8% industrial. The largest single district is High Density Residence at 36.3% of zoned land. SECTION 151.25 R-3 HIGH DENSITY RESIDENTIAL DISTRICT. A. Purpose. T he purpose of the R-3 District is to provide for medium to high density residential housing. B. Permitted uses and structures. Within the R-3 Dist rict, except otherwise prov ided by this Code, no uses are permitted except the following: 1. Single-family dwellings. 2. Two-family dwellings. 3… Residential zoning covers 77.5% and open space 9.1%.
Where does Realmo's Isle market data come from?
Realmo compiles Isle, MN figures from 7 recent recorded sales, 13 active sale listings, 185 tracked off-market properties, the current Isle zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 13 active for-sale and 0 active for-lease listings in Isle, 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: 1,573 zoned acres across 7 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
