Commercial Real Estate Market in Nowthen, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 31 off-market properties in Nowthen, MN.
Market Trends
Nowthen, MN spans 171.0 square miles in Anoka County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Nowthen, 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 Nowthen, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Nowthen, 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 Nowthen, MN asks $185/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 96.5%
- Commercial 1.8%
- Industrial 1.1%
- Open space 0.7%
Largest Zones share of zoned land by district
Rural Residential Agriculture 19897 Acres
Rural Residential Transition 478 Acres
Commercial District 365 Acres
Industrial District 225 Acres
Conservancy District 156 Acres
Nowthen, MN zones 22,587 acres across 5 districts. Commercial zoning covers 1.8% of zoned land, residential 96.5%, open space 0.7% and industrial 1.1%. The largest single district is Rural Residential Agriculture 19897 Acres at 94.3%. For commercial buyers the practical constraint is that only 2.8% of land carries a commercial or industrial designation.
Rural Residential Agriculture 19897 Acres (RRA)
This district is intended for application in those areas of the City where large sections of land have become subject to increased amounts of single family residential development and hobby farms. Marginal soils, rough topography, and insufficient irrigation may make these lands uneconomical for long term agricultural purposes. There are some suitable sites…
Market overview
Demographics & Economy
Nowthen, MN has 95,106 residents in 37,113 households. Density runs 556 people per square mile. Median household income here is $105,998 and median gross rent $1,352 a month.
95,106
Population
37,113
Households
2.6
Avg Household Size
38
Median Age
32%
College-Educated
95%
High-School Grad
171 sq mi
ZIP Area
556
Density / Sq Mi
$105,998
Median Household Income
$56,872
Median Earnings
$1,352
Median Rent
$346,269
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ramsey | — | — |
| Oak Grove | — | — |
| Saint Francis | — | — |
| Elk River | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Nowthen?
Nowthen, MN zones 22,587 acres across 5 districts, of which 1.8% is commercial and 1.1% industrial. The largest single district is Rural Residential Agriculture 19897 Acres at 94.3% of zoned land. This district is intended for application in those areas of the City where large sections of land have become subject to increased amounts of single family residential development and hobby farms. Marginal soils, rough topography, and insufficient irrigation may make these lands uneconomical for long term agricultural purposes. There are some suitable sites… Residential zoning covers 96.5% and open space 0.7%.
Where does Realmo's Nowthen market data come from?
Realmo compiles Nowthen, MN figures from 6 active sale listings, 31 tracked off-market properties, the current Nowthen zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 0 active for-lease listings in Nowthen, 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: 22,587 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
