Commercial Real Estate Market in Kimball, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 87 off-market properties in Kimball, MN.
Market Trends
Kimball, MN spans 81.2 square miles in Stearns County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Kimball, 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 Kimball, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Kimball, 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 Kimball, 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 51.9%
- Commercial 23.3%
- Agricultural 16.4%
- Industrial 8.4%
Largest Zones share of zoned land by district
Urban Residential
Highway Commercial And Business
Agricultural
Industrial
Mobile Home
Kimball, MN zones 963 acres across 6 districts. Commercial zoning covers 23.3% of zoned land, residential 51.9% and industrial 8.4%. The largest single district is Urban Residential at 51.1%. For commercial buyers the practical constraint is that only 31.7% of land carries a commercial or industrial designation.
Urban Residential (R1)
The major purpose of this district is to allow the continuation of existing residential development and in filling of existing lots in the older residential areas of the city where central sewer and water systems are available
Market overview
Demographics & Economy
Kimball, MN has 3,247 residents in 1,333 households. Density runs 40 people per square mile. Median household income here is $87,969 and median gross rent $768 a month.
3,247
Population
1,333
Households
2.4
Avg Household Size
40
Median Age
19%
College-Educated
92%
High-School Grad
81.2 sq mi
ZIP Area
40
Density / Sq Mi
$87,969
Median Household Income
$50,679
Median Earnings
$768
Median Rent
$320,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| South Haven | — | — |
| Watkins | — | — |
| Kingston | — | — |
| Annandale | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Kimball?
Kimball, MN zones 963 acres across 6 districts, of which 23.3% is commercial and 8.4% industrial. The largest single district is Urban Residential at 51.1% of zoned land. The major purpose of this district is to allow the continuation of existing residential development and in filling of existing lots in the older residential areas of the city where central sewer and water systems are available Residential zoning covers 51.9% and open space 0%.
Where does Realmo's Kimball market data come from?
Realmo compiles Kimball, MN figures from 5 active sale listings, 87 tracked off-market properties, the current Kimball zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 0 active for-lease listings in Kimball, 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: 963 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
