Commercial Real Estate Market in Ortonville, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 219 off-market properties in Ortonville, MN.
Market Trends
Ortonville, MN spans 135.4 square miles in Big Stone County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Ortonville, 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 Ortonville, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Ortonville, 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 Ortonville, 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
- Industrial 37.8%
- Residential 34%
- Civic 21.1%
- Commercial 6.3%
- Open space 0.9%
Largest Zones share of zoned land by district
General Industry
Medium Density Residential
Agriculture Open Space
Traditional Residential
Limited Industry
Ortonville, MN zones 2,638 acres across 9 districts. Commercial zoning covers 6.3% of zoned land, residential 34%, open space 0.9% and industrial 37.8%. The largest single district is General Industry at 32.1%. For commercial buyers the practical constraint is that only 44.1% of land carries a commercial or industrial designation.
Traditional Residential (R-2)
District (R-2) 150.023 Medium Density Residential District (R-3) 150.024 Manufactured Home Park District (R-4) 150.025 Central Business District (B-1) 150.026 General Business District (B-2) 150.027 Highway Business District (B-3) 150.028 Limited Industrial District (I-1) 150.029 General Industrial District (I-2) Airport Hazard Areas 150.050 General provisio…
Market overview
Demographics & Economy
Ortonville, MN has 2,733 residents in 1,565 households. Density runs 20 people per square mile. Median household income here is $60,192 and median gross rent $739 a month.
2,733
Population
1,565
Households
1.7
Avg Household Size
49
Median Age
23%
College-Educated
93%
High-School Grad
135.4 sq mi
ZIP Area
20
Density / Sq Mi
$60,192
Median Household Income
$34,861
Median Earnings
$739
Median Rent
$176,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Big Stone City | — | — |
| Big Stone | — | — |
| Odessa | — | — |
| Clinton | — | — |
Commercial property in Ortonville, MN asks $116/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Ortonville?
Commercial property in Ortonville, MN asks an average of $116 per square foot.
What zoning applies to commercial property in Ortonville?
Ortonville, MN zones 2,638 acres across 9 districts, of which 6.3% is commercial and 37.8% industrial. The largest single district is General Industry at 32.1% of zoned land. Residential zoning covers 34% and open space 0.9%.
Where does Realmo's Ortonville market data come from?
Realmo compiles Ortonville, MN figures from 5 active sale listings, 219 tracked off-market properties, the current Ortonville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 0 active for-lease listings in Ortonville, 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: 2,638 zoned acres across 9 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
