Commercial Real Estate Market in Onamia, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
16 active listings and 187 off-market properties in Onamia, MN.
Market Trends
Onamia, MN spans 170.7 square miles in Mille Lacs County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Onamia, 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 Onamia, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Onamia, 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 Onamia, 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 51.1%
- Agricultural 22.6%
- Commercial 19.2%
- Industrial 4.5%
- Open space 1.5%
Largest Zones share of zoned land by district
Single And Two Family
Agricultural
Highway Commercial
Multiple Family
Central Commercial
Onamia, MN zones 634 acres across 10 districts. Commercial zoning covers 19.2% of zoned land, residential 51.1%, open space 1.5% and industrial 4.5%. The largest single district is Single And Two Family at 35.9%. For commercial buyers the practical constraint is that only 23.7% of land carries a commercial or industrial designation.
Single And Two Family (R-1)
The purpose of R-1 zone is to provide for moderate density one and two family dwelling units and directly related, complementary uses
Market overview
Demographics & Economy
Onamia, MN has 3,585 residents in 2,072 households. Density runs 21 people per square mile. Median household income here is $57,852 and median gross rent $803 a month.
3,585
Population
2,072
Households
1.7
Avg Household Size
43
Median Age
17%
College-Educated
89%
High-School Grad
170.7 sq mi
ZIP Area
21
Density / Sq Mi
$57,852
Median Household Income
$35,313
Median Earnings
$803
Median Rent
$205,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Wahkon | — | — |
| Hillman | — | — |
| Isle | — | — |
| Ogilvie | — | — |
Commercial property in Onamia, MN asks $90/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Onamia?
Commercial property in Onamia, MN asks an average of $90 per square foot.
What zoning applies to commercial property in Onamia?
Onamia, MN zones 634 acres across 10 districts, of which 19.2% is commercial and 4.5% industrial. The largest single district is Single And Two Family at 35.9% of zoned land. The purpose of R-1 zone is to provide for moderate density one and two family dwelling units and directly related, complementary uses Residential zoning covers 51.1% and open space 1.5%.
Where does Realmo's Onamia market data come from?
Realmo compiles Onamia, MN figures from 6 recent recorded sales, 15 active sale listings, 1 active lease listings, 187 tracked off-market properties, the current Onamia zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 15 active for-sale and 1 active for-lease listings in Onamia, 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: 634 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 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
