Commercial Real Estate Market in Lanesboro, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 116 off-market properties in Lanesboro, MN.
Market Trends
Lanesboro, MN spans 113.9 square miles in Fillmore County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lanesboro, 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 Lanesboro, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Lanesboro, 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 Lanesboro, 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
- Agricultural 45.2%
- Residential 38.4%
- Commercial 10.4%
- Civic 2.3%
- Industrial 1.7%
Largest Zones share of zoned land by district
Rural Agriculture
Single Family Residential
City Property
Lanesboro Public School
State Of Minnesota
Rural Agriculture (RA)
I. RA Rural Agriculture District ' 151.21 R-1 SINGLE-FAMILY RESIDENTIAL DISTRICT. (A) Purpose. The purpose of the R-1 Single Family Residential District is to provide for moderate density one and two-family dwelling units and directly related, complementary uses. 10 (B) Permitted uses and structures. (1) One and two-family dwelling units. (2) Public, governm…
Market overview
Demographics & Economy
Lanesboro, MN has 1,864 residents in 998 households. Density runs 16 people per square mile. Median household income here is $80,357 and median gross rent $579 a month.
1,864
Population
998
Households
1.9
Avg Household Size
46
Median Age
36%
College-Educated
92%
High-School Grad
113.9 sq mi
ZIP Area
16
Density / Sq Mi
$80,357
Median Household Income
$41,437
Median Earnings
$579
Median Rent
$249,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Whalan | — | — |
| Highland | — | — |
| Pilot Mound | — | — |
| Preston | — | — |
Commercial property in Lanesboro, MN asks $1,134/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lanesboro?
Commercial property in Lanesboro, MN asks an average of $1,134 per square foot. The 5 most recent recorded sales traded at a median of $103/SF, so asking sits 996% above the achieved median.
Where does Realmo's Lanesboro market data come from?
Realmo compiles Lanesboro, MN figures from 6 recent recorded sales, 4 active sale listings, 116 tracked off-market properties, the current Lanesboro zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 0 active for-lease listings in Lanesboro, 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: 831 zoned acres across 10 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
