Commercial Real Estate Market in Lake Itasca, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Lake Itasca, MN spans 382.5 square miles in Hubbard County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lake Itasca, MN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Lake Itasca, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Lake Itasca, 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%.
Multifamily
Multifamily vacancy in Lake Itasca, MN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Market overview
Demographics & Economy
Lake Itasca, MN has 10,668 residents in 7,478 households. Density runs 28 people per square mile. Median household income here is $68,351 and median gross rent $929 a month.
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Arago | — | — |
| Lake George | — | — |
| Dorset | — | — |
| Zerkel | — | — |
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.
- 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
