Commercial Real Estate Market in Ivanhoe, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Ivanhoe, MN spans 90.3 square miles in Lincoln County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Ivanhoe, 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 Ivanhoe, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Ivanhoe, 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 Ivanhoe, 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
- Industrial 47.2%
- Residential 46.3%
- Commercial 4.2%
Largest Zones share of zoned land by district
Industrial
Single Family Residential
Central Business
Cemetery
Highway Business
Ivanhoe, MN zones 477 acres across 6 districts. Commercial zoning covers 4.2% of zoned land, residential 46.3% and industrial 47.2%. The largest single district is Industrial at 47.2%. For commercial buyers the practical constraint is that only 51.4% of land carries a commercial or industrial designation.
Highway Business (C-2)
C-2 Commercial District 1 Industrial District Rural Residential and Agricultural District Performance Standards Performance standards Landscaping requirements Off-Street Parking and Loading Requirements Purpose Required off-street parking Special off-street parking requirements 10 Minnesota Basic Code of Ordinances - Land Usage 151.38 Off-street loading 151.…
Market overview
Demographics & Economy
Ivanhoe, MN has 950 residents in 577 households. Density runs 11 people per square mile. Median household income here is $65,987 and median gross rent $611 a month.
950
Population
577
Households
1.6
Avg Household Size
46
Median Age
26%
College-Educated
95%
High-School Grad
90.3 sq mi
ZIP Area
11
Density / Sq Mi
$65,987
Median Household Income
$37,604
Median Earnings
$611
Median Rent
$87,800
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Ivanhoe?
Ivanhoe, MN zones 477 acres across 6 districts, of which 4.2% is commercial and 47.2% industrial. The largest single district is Industrial at 47.2% of zoned land. Residential zoning covers 46.3% and open space 0%.
Methodology & data sources
- 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: 477 zoned acres across 6 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
