Commercial Real Estate Market in Kerrick, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
12 active listings and 12 off-market properties in Kerrick, MN.
Market Trends
Kerrick, MN spans 45.1 square miles in Pine County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Kerrick, 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 Kerrick, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Kerrick, 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 Kerrick, 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 83.2%
- Agricultural 10.6%
- Commercial 6.2%
Largest Zones share of zoned land by district
Rural Residential 5
Rural Townsite 0.5
Commercial
Kerrick, MN zones 637 acres across 3 districts. Commercial zoning covers 6.2% of zoned land, residential 83.2%. The largest single district is Rural Residential 5 at 83.2%. For commercial buyers the practical constraint is that only 6.2% of land carries a commercial or industrial designation.
Rural Residential 5 (RR5)
This district shall further be divided into RR5, RR10, RR20, and RR40 only for the purpose of Section 3.2.1. Purpose To foster residential and recreational development that protects woodlands and natural space as well as preserves the rural quality that makes the setting appealing. Pine County Zoning Ordinance 21 Rural Townsite This district shall further be…
Market overview
Demographics & Economy
Kerrick, MN has 430 residents in 281 households. Density runs 10 people per square mile. Median household income here is $65,625.
430
Population
281
Households
1.5
Avg Household Size
48
Median Age
17%
College-Educated
94%
High-School Grad
45.1 sq mi
ZIP Area
10
Density / Sq Mi
$65,625
Median Household Income
$39,625
Median Earnings
$0
Median Rent
$211,700
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Kerrick?
Kerrick, MN zones 637 acres across 3 districts, of which 6.2% is commercial and 0% industrial. The largest single district is Rural Residential 5 at 83.2% of zoned land. This district shall further be divided into RR5, RR10, RR20, and RR40 only for the purpose of Section 3.2.1. Purpose To foster residential and recreational development that protects woodlands and natural space as well as preserves the rural quality that makes the setting appealing. Pine County Zoning Ordinance 21 Rural Townsite This district shall further be… Residential zoning covers 83.2% and open space 0%.
Where does Realmo's Kerrick market data come from?
Realmo compiles Kerrick, MN figures from 12 active sale listings, 12 tracked off-market properties, the current Kerrick zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 12 active for-sale and 0 active for-lease listings in Kerrick, 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: 637 zoned acres across 3 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
