Commercial Real Estate Market in Nevis, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
10 active listings and 103 off-market properties in Nevis, MN.
Market Trends
Nevis, MN spans 124.7 square miles in Hubbard County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Nevis, 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 Nevis, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Nevis, 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 Nevis, 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 59.3%
- Agricultural 22.4%
- Commercial 11.3%
- Industrial 7.1%
Largest Zones share of zoned land by district
Residential
Agricultural Transition
General Business
Light Industrial
Commercial Business
Nevis, MN zones 595 acres across 5 districts. Commercial zoning covers 11.3% of zoned land, residential 59.3% and industrial 7.1%. The largest single district is Residential at 59.3%. For commercial buyers the practical constraint is that only 18.3% of land carries a commercial or industrial designation.
Residential (R-1)
The Residential District is established to encourage the preservation of residential neighborhoods characterized primarily by single family dwellings and to preserve undeveloped lands for similar types of residential development.
Market overview
Demographics & Economy
Nevis, MN has 2,609 residents in 2,540 households. Density runs 21 people per square mile. Median household income here is $75,170 and median gross rent $806 a month.
2,609
Population
2,540
Households
1
Avg Household Size
53
Median Age
35%
College-Educated
96%
High-School Grad
124.7 sq mi
ZIP Area
21
Density / Sq Mi
$75,170
Median Household Income
$41,829
Median Earnings
$806
Median Rent
$300,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Akeley | — | — |
| Park Rapids | — | — |
| Shingobee | — | — |
| Hubbard | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Nevis?
Nevis, MN zones 595 acres across 5 districts, of which 11.3% is commercial and 7.1% industrial. The largest single district is Residential at 59.3% of zoned land. The Residential District is established to encourage the preservation of residential neighborhoods characterized primarily by single family dwellings and to preserve undeveloped lands for similar types of residential development. Residential zoning covers 59.3% and open space 0%.
Where does Realmo's Nevis market data come from?
Realmo compiles Nevis, MN figures from 10 active sale listings, 103 tracked off-market properties, the current Nevis zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 0 active for-lease listings in Nevis, 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: 595 zoned acres across 5 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
