Commercial Real Estate Market in Lonsdale, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
7 active listings and 137 off-market properties in Lonsdale, MN.
Market Trends
Lonsdale, MN spans 44.6 square miles in Rice County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lonsdale, 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 Lonsdale, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Lonsdale, 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 Lonsdale, 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 62.2%
- Open space 16.4%
- Planned_development 6.7%
- Industrial 6.2%
- Commercial 5.6%
- Civic 2.9%
Largest Zones share of zoned land by district
Single Family Detached Residential
Single Family Detached Residential Large Lots
Parks And Open Space
Medium Industrial
Single Family Detached Residential Planned Unit Development Harmony Meadows
Lonsdale, MN zones 1,690 acres across 20 districts. Commercial zoning covers 5.6% of zoned land, residential 62.2%, open space 16.4% and industrial 6.2%. The largest single district is Single Family Detached Residential at 38.9%. For commercial buyers the practical constraint is that only 11.8% of land carries a commercial or industrial designation.
Single Family Detached Residential (R-2)
To provide single family detached urban lots and also allow attached single family and two family dwellings as conditional uses, all of which are connected to public sewer and water systems
Market overview
Demographics & Economy
Lonsdale, MN has 6,093 residents in 2,202 households. Density runs 137 people per square mile. Median household income here is $91,982 and median gross rent $1,256 a month.
6,093
Population
2,202
Households
2.8
Avg Household Size
34
Median Age
24%
College-Educated
97%
High-School Grad
44.6 sq mi
ZIP Area
137
Density / Sq Mi
$91,982
Median Household Income
$49,667
Median Earnings
$1,256
Median Rent
$331,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Webster | — | — |
| Elko New Market | — | — |
| Elko | — | — |
| Montgomery | — | — |
Commercial property in Lonsdale, MN asks $147/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lonsdale?
Commercial property in Lonsdale, MN asks an average of $147 per square foot. The 7 most recent recorded sales traded at a median of $128/SF, so asking sits 15% above the achieved median.
What zoning applies to commercial property in Lonsdale?
Lonsdale, MN zones 1,690 acres across 20 districts, of which 5.6% is commercial and 6.2% industrial. The largest single district is Single Family Detached Residential at 38.9% of zoned land. To provide single family detached urban lots and also allow attached single family and two family dwellings as conditional uses, all of which are connected to public sewer and water systems Residential zoning covers 62.2% and open space 16.4%.
Where does Realmo's Lonsdale market data come from?
Realmo compiles Lonsdale, MN figures from 7 recent recorded sales, 7 active sale listings, 137 tracked off-market properties, the current Lonsdale zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 7 active for-sale and 0 active for-lease listings in Lonsdale, 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: 1,690 zoned acres across 20 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
