Commercial Real Estate Market in Lake Park, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
8 active listings and 93 off-market properties in Lake Park, MN.
Market Trends
Lake Park, MN spans 115.1 square miles in Becker County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lake Park, 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 Lake Park, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Lake Park, 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 Lake Park, MN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Lake Park, MN has 3,098 residents in 1,792 households. Density runs 27 people per square mile. Median household income here is $91,379 and median gross rent $795 a month.
3,098
Population
1,792
Households
1.7
Avg Household Size
48
Median Age
36%
College-Educated
93%
High-School Grad
115.1 sq mi
ZIP Area
27
Density / Sq Mi
$91,379
Median Household Income
$48,966
Median Earnings
$795
Median Rent
$306,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Audubon | — | — |
| Dale | — | — |
| Hitterdal | — | — |
| Hawley | — | — |
Commercial property in Lake Park, MN asks $134/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lake Park?
Commercial property in Lake Park, MN asks an average of $134 per square foot.
Where does Realmo's Lake Park market data come from?
Realmo compiles Lake Park, MN figures from 7 recent recorded sales, 8 active sale listings, 93 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 8 active for-sale and 0 active for-lease listings in Lake Park, 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.
- 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
