Commercial Real Estate Market in Montrose, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 13 off-market properties in Montrose, MN.
Market Trends
Montrose, MN spans 28.0 square miles in Wright County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Montrose, 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 Montrose, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Montrose, 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 Montrose, 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 59.4%
- Agricultural 25.4%
- Civic 6%
- Commercial 3.4%
- Industrial 3.1%
- Mixed use 2.7%
Largest Zones share of zoned land by district
Single Family Residential
Urban Reserve
Medium Density Residential
Institutional
Highway Business
Highway Business (B-2)
An Ordinance Amending Chapters 1070 and 1071 of the Zoning Ordinance of the City of Montrose City Code, Relating to Existing Residential Homes in the B-1, Central Business and B-2 Highway Business Districts Ordinance No. 2015-05: document seq 0.00 An Ordinance Amending Section 1018-4 of the Zoning Ordinance Relating to Building Permits For Accessory Structur…
Market overview
Demographics & Economy
Montrose, MN has 5,290 residents in 2,075 households. Density runs 189 people per square mile. Median household income here is $98,287 and median gross rent $1,344 a month.
5,290
Population
2,075
Households
2.5
Avg Household Size
34
Median Age
24%
College-Educated
87%
High-School Grad
28 sq mi
ZIP Area
189
Density / Sq Mi
$98,287
Median Household Income
$50,990
Median Earnings
$1,344
Median Rent
$273,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Waverly | — | — |
| Buffalo | — | — |
| Howard Lake | — | — |
| Maple Lake | — | — |
Frequently Asked Questions
Where does Realmo's Montrose market data come from?
Realmo compiles Montrose, MN figures from 2 recent recorded sales, 1 active sale listings, 13 tracked off-market properties, the current Montrose zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Montrose, 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: 1,975 zoned acres across 11 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
