Commercial Real Estate Market in Menahga, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
8 active listings and 161 off-market properties in Menahga, MN.
Market Trends
Menahga, MN spans 256.8 square miles in Wadena County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Menahga, 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 Menahga, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Menahga, 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 Menahga, 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
- Industrial 47.5%
- Residential 45.3%
- Commercial 4.9%
Largest Zones share of zoned land by district
Rural Residential
Family Residence And Industrial
Industrial
Multifamily Residence
Central Business
Menahga, MN zones 2,372 acres across 9 districts. Commercial zoning covers 4.9% of zoned land, residential 45.3% and industrial 47.5%. The largest single district is Rural Residential at 32.7%. For commercial buyers the practical constraint is that only 52.4% of land carries a commercial or industrial designation.
Rural Residential (R-R)
To establish and maintain a district that is semi-rural and rural in character and to prevent the occurrence of premature urban development
Market overview
Demographics & Economy
Menahga, MN has 4,864 residents in 2,532 households. Density runs 19 people per square mile. Median household income here is $70,505 and median gross rent $852 a month.
4,864
Population
2,532
Households
1.9
Avg Household Size
39
Median Age
22%
College-Educated
93%
High-School Grad
256.8 sq mi
ZIP Area
19
Density / Sq Mi
$70,505
Median Household Income
$39,517
Median Earnings
$852
Median Rent
$195,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hubbard | — | — |
| Midway | — | — |
| Sebeka | — | — |
| Huntersville | — | — |
Commercial property in Menahga, MN asks $255/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Menahga?
Commercial property in Menahga, MN asks an average of $255 per square foot.
What zoning applies to commercial property in Menahga?
Menahga, MN zones 2,372 acres across 9 districts, of which 4.9% is commercial and 47.5% industrial. The largest single district is Rural Residential at 32.7% of zoned land. To establish and maintain a district that is semi-rural and rural in character and to prevent the occurrence of premature urban development Residential zoning covers 45.3% and open space 0%.
Where does Realmo's Menahga market data come from?
Realmo compiles Menahga, MN figures from 8 recent recorded sales, 8 active sale listings, 161 tracked off-market properties, the current Menahga zoning release. 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 Menahga, 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: 2,372 zoned acres across 9 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
