Commercial Real Estate Market in Mound, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
11 active listings and 304 off-market properties in Mound, MN.
Market Trends
Mound, MN spans 15.2 square miles in Hennepin County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Mound, 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 Mound, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Mound, 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 Mound, MN asks $176/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 87.6%
- Mixed use 5.5%
- Planned_development 5.4%
- Industrial 1%
- Commercial 0.6%
Largest Zones share of zoned land by district
Single Family Residential District
Single Family Residential District
Two Family Residential District
Mixed Use Downtown
Single Family Residential District Planned Unit Development
Mound, MN zones 1,658 acres across 11 districts. Commercial zoning covers 0.6% of zoned land, residential 87.6% and industrial 1%. The largest single district is Single Family Residential District at 49.5%. For commercial buyers the practical constraint is that only 1.6% of land carries a commercial or industrial designation.
Single Family Residential District Planned Unit Development (R-1-PUD)
The purpose of this district is to allow the continuation of existing residential development and the infill of existing lots in residential areas of the city where services are available
Market overview
Demographics & Economy
Mound, MN has 15,210 residents in 6,740 households. Density runs 1,002 people per square mile. Median household income here is $111,083 and median gross rent $1,128 a month.
15,210
Population
6,740
Households
2.3
Avg Household Size
43
Median Age
50%
College-Educated
98%
High-School Grad
15.2 sq mi
ZIP Area
1,002
Density / Sq Mi
$111,083
Median Household Income
$72,391
Median Earnings
$1,128
Median Rent
$411,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Spring Park | — | — |
| Shorewood | — | — |
| Minnetrista | — | — |
| Tonka Bay | — | — |
Commercial property in Mound, MN asks $2,581/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Mound?
Commercial property in Mound, MN asks an average of $2,581 per square foot. Multifamily carries the highest asking price at $176/SF.
What zoning applies to commercial property in Mound?
Mound, MN zones 1,658 acres across 11 districts, of which 0.6% is commercial and 1% industrial. The largest single district is Single Family Residential District at 49.5% of zoned land. Residential zoning covers 87.6% and open space 0%.
Where does Realmo's Mound market data come from?
Realmo compiles Mound, MN figures from 8 recent recorded sales, 11 active sale listings, 304 tracked off-market properties, the current Mound zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 11 active for-sale and 0 active for-lease listings in Mound, 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: 1,658 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
