Commercial Real Estate Market in Mora, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
28 active listings and 355 off-market properties in Mora, MN.
Market Trends
Mora, MN spans 217.7 square miles in Kanabec County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Mora, 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 Mora, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Mora, 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 Mora, 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 60%
- Industrial 36%
- Commercial 1.7%
- Open space 1.4%
- Planned_development 0.8%
Largest Zones share of zoned land by district
Single Family Residential District
Limited Industrial District
General Business District
Multiple Dwelling District
General Industrial District
Mora, MN zones 3,480 acres across 10 districts. Commercial zoning covers 1.7% of zoned land, residential 60%, open space 1.4% and industrial 36%. The largest single district is Single Family Residential District at 49.4%. For commercial buyers the practical constraint is that only 37.7% of land carries a commercial or industrial designation.
Single Family Residential District (R-1)
FIC CODE TITLE IX: GENERAL REGULATIONS TITLE XI: BUSINESS REGULATIONS TITLE XIII: GENERAL OFFENSES TITLE XV: LAND USAGE CHAPTER 150: ZONING CODE GENERAL PROVISIONS ADMINISTRATION AND ENFORCEMENT ZONING DISTRICTS AND MAP R-1 SINGLE FAMILY RESIDENTIAL DISTRICT R-2 MANUFACTURED HOME PARK DISTRICT R-3 MULTIPLE DWELLING DISTRICT R-4 LOW DENSITY RESIDENTIAL DISTRI…
Market overview
Demographics & Economy
Mora, MN has 9,858 residents in 4,667 households. Density runs 45 people per square mile. Median household income here is $71,232 and median gross rent $970 a month.
9,858
Population
4,667
Households
2.1
Avg Household Size
45
Median Age
18%
College-Educated
91%
High-School Grad
217.7 sq mi
ZIP Area
45
Density / Sq Mi
$71,232
Median Household Income
$40,163
Median Earnings
$970
Median Rent
$220,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Quamba | — | — |
| Ogilvie | — | — |
| Henriette | — | — |
| Grasston | — | — |
Commercial property in Mora, MN asks $281/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Mora?
Commercial property in Mora, MN asks an average of $281 per square foot. The 5 most recent recorded sales traded at a median of $69/SF, so asking sits 307% above the achieved median.
What zoning applies to commercial property in Mora?
Mora, MN zones 3,480 acres across 10 districts, of which 1.7% is commercial and 36% industrial. The largest single district is Single Family Residential District at 49.4% of zoned land. FIC CODE TITLE IX: GENERAL REGULATIONS TITLE XI: BUSINESS REGULATIONS TITLE XIII: GENERAL OFFENSES TITLE XV: LAND USAGE CHAPTER 150: ZONING CODE GENERAL PROVISIONS ADMINISTRATION AND ENFORCEMENT ZONING DISTRICTS AND MAP R-1 SINGLE FAMILY RESIDENTIAL DISTRICT R-2 MANUFACTURED HOME PARK DISTRICT R-3 MULTIPLE DWELLING DISTRICT R-4 LOW DENSITY RESIDENTIAL DISTRI… Residential zoning covers 60% and open space 1.4%.
Where does Realmo's Mora market data come from?
Realmo compiles Mora, MN figures from 7 recent recorded sales, 27 active sale listings, 1 active lease listings, 355 tracked off-market properties, the current Mora zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 27 active for-sale and 1 active for-lease listings in Mora, 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: 3,480 zoned acres across 10 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
