Commercial Real Estate Market in Medina, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
21 active listings and 382 off-market properties in Medina, MN.
Market Trends
Medina, MN spans 35.6 square miles in Hennepin County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Medina, 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 Medina, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Medina, 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 space in Medina, MN asks $176/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 54.8%
- Open space 16.2%
- Mixed use 10.6%
- Planned_development 7.9%
- Commercial 5.6%
- Industrial 3.3%
- Civic 0.3%
Largest Zones share of zoned land by district
Rural Residential
Public And Semi Public
Rural Residential Urban Reserve
Planned Unit Development
Rural Business Holding
Medina, MN zones 15,788 acres across 26 districts. Commercial zoning covers 5.6% of zoned land, residential 54.8%, open space 16.2% and industrial 3.3%. The largest single district is Rural Residential at 49.2%. For commercial buyers the practical constraint is that only 8.9% of land carries a commercial or industrial designation.
Rural Residential (RR)
RURAL RESIDENTIAL URBAN RESERVE ZONING DISTRICT (RR-UR) Section 826.25.1. Rural Residential-Urban Reserve (RR-UR) Purpose. The purpose of this district is to provide a zoning district which is consistent with the area guided for future residential or mixed-use development in the city’s comprehensive plan. The district includes areas which are not currently s…
Market overview
Demographics & Economy
Medina, MN has 8,988 residents in 3,418 households. Density runs 252 people per square mile. Median household income here is $174,120 and median gross rent $1,431 a month.
8,988
Population
3,418
Households
2.6
Avg Household Size
39
Median Age
61%
College-Educated
96%
High-School Grad
35.6 sq mi
ZIP Area
252
Density / Sq Mi
$174,120
Median Household Income
$91,534
Median Earnings
$1,431
Median Rent
$607,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Long Lake | — | — |
| Loretto | — | — |
| Maple Plain | — | — |
| Minnetonka Beach | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Medina?
Medina, MN zones 15,788 acres across 26 districts, of which 5.6% is commercial and 3.3% industrial. The largest single district is Rural Residential at 49.2% of zoned land. RURAL RESIDENTIAL URBAN RESERVE ZONING DISTRICT (RR-UR) Section 826.25.1. Rural Residential-Urban Reserve (RR-UR) Purpose. The purpose of this district is to provide a zoning district which is consistent with the area guided for future residential or mixed-use development in the city’s comprehensive plan. The district includes areas which are not currently s… Residential zoning covers 54.8% and open space 16.2%.
Where does Realmo's Medina market data come from?
Realmo compiles Medina, MN figures from 8 recent recorded sales, 16 active sale listings, 5 active lease listings, 382 tracked off-market properties, the current Medina zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 5 active for-lease listings in Medina, 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: 15,788 zoned acres across 26 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
