Commercial Real Estate Market in Mendota Heights, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
24 active listings and 183 off-market properties in Mendota Heights, MN. Commercial property asks $61/SF to buy and $14.00/SF/Yr to lease.
Market Trends
Mendota Heights, MN spans 15.9 square miles in Dakota County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Mendota Heights, 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 Mendota Heights, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Mendota Heights, 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 Mendota Heights, MN asks $173/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
Market overview
Demographics & Economy
Mendota Heights, MN has 33,858 residents in 15,870 households. Density runs 2,133 people per square mile. Median household income here is $88,972 and median gross rent $1,261 a month.
33,858
Population
15,870
Households
2.1
Avg Household Size
43
Median Age
47%
College-Educated
95%
High-School Grad
15.9 sq mi
ZIP Area
2,133
Density / Sq Mi
$88,972
Median Household Income
$54,273
Median Earnings
$1,261
Median Rent
$353,260
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Eagan | — | — |
| Mendota | — | — |
| Sunfish Lake | — | — |
| Lilydale | — | — |
Commercial property in Mendota Heights, MN asks $61/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Mendota Heights?
Commercial property in Mendota Heights, MN asks an average of $61 per square foot. The 4 most recent recorded sales traded at a median of $183/SF. Multifamily carries the highest asking price at $173/SF.
How much does it cost to lease commercial space in Mendota Heights?
Asking lease rates in Mendota Heights, MN average $14.00 per square foot per year.
Where does Realmo's Mendota Heights market data come from?
Realmo compiles Mendota Heights, MN figures from 4 recent recorded sales, 9 active sale listings, 15 active lease listings, 183 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 9 active for-sale and 15 active for-lease listings in Mendota Heights, 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.
- 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
