Commercial Real Estate Market in Mendota, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Mendota, MN spans 0.3 square miles in Dakota County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Mendota, 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, 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, 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, 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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 72.3%
- Industrial 16.9%
- Mixed use 10.9%
Largest Zones share of zoned land by district
Residential District
Open Space District
Mixed Use Main Street District
Mendota, MN zones 109 acres across 3 districts. The largest single district is Residential District at 72.3%. For commercial buyers the practical constraint is that only 16.9% of land carries a commercial or industrial designation.
Residential District (R)
Residential District R Mixed-Use Main Street District MU-MS Open Space District OS Overlay Zoning District Floodplain Overlay District FP-O Mississippi River Corridor Critical Area - Rural and Open Space Overlay District MRRCA- ROS Mississippi River Corridor Critical Area - River Neighborhood Overlay District MRCCA - RN Mississippi River Corridor Critical Ar…
Market overview
Demographics & Economy
Mendota, MN has 173 residents in 81 households. Density runs 575 people per square mile. Median household income here is $108,750 and median gross rent $850 a month.
173
Population
81
Households
2.1
Avg Household Size
44
Median Age
34%
College-Educated
97%
High-School Grad
0.3 sq mi
ZIP Area
575
Density / Sq Mi
$108,750
Median Household Income
$67,500
Median Earnings
$850
Median Rent
$330,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Eagan | — | — |
| Mendota Heights | — | — |
| Lilydale | — | — |
| Sunfish Lake | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Mendota?
Mendota, MN zones 109 acres across 3 districts, of which 0% is commercial and 16.9% industrial. The largest single district is Residential District at 72.3% of zoned land. Residential District R Mixed-Use Main Street District MU-MS Open Space District OS Overlay Zoning District Floodplain Overlay District FP-O Mississippi River Corridor Critical Area - Rural and Open Space Overlay District MRRCA- ROS Mississippi River Corridor Critical Area - River Neighborhood Overlay District MRCCA - RN Mississippi River Corridor Critical Ar… Residential zoning covers 72.3% and open space 0%.
Methodology & data sources
- 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: 109 zoned acres across 3 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
