Commercial Real Estate Market in Madelia, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
8 active listings and 113 off-market properties in Madelia, MN.
Market Trends
Madelia, MN spans 124.4 square miles in Watonwan County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Madelia, 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 Madelia, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Madelia, 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 Madelia, 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 56.4%
- Commercial 16%
- Agricultural 14.2%
- Industrial 13.4%
Largest Zones share of zoned land by district
Residential 1
Agricultural
Industrial
Commercial 2
Commercial 1
Madelia, MN zones 959 acres across 6 districts. Commercial zoning covers 16% of zoned land, residential 56.4% and industrial 13.4%. The largest single district is Residential 1 at 53.5%. For commercial buyers the practical constraint is that only 29.4% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Madelia, MN has 3,239 residents in 1,309 households. Density runs 26 people per square mile. Median household income here is $76,549 and median gross rent $756 a month.
3,239
Population
1,309
Households
2.5
Avg Household Size
39
Median Age
22%
College-Educated
90%
High-School Grad
124.4 sq mi
ZIP Area
26
Density / Sq Mi
$76,549
Median Household Income
$41,309
Median Earnings
$756
Median Rent
$172,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| La Salle | — | — |
| Hanska | — | — |
| Lewisville | — | — |
| Lake Crystal | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Madelia?
Madelia, MN zones 959 acres across 6 districts, of which 16% is commercial and 13.4% industrial. The largest single district is Residential 1 at 53.5% of zoned land. Residential zoning covers 56.4% and open space 0%.
Where does Realmo's Madelia market data come from?
Realmo compiles Madelia, MN figures from 6 active sale listings, 2 active lease listings, 113 tracked off-market properties, the current Madelia zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 2 active for-lease listings in Madelia, 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: 959 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
