Commercial Real Estate Market in Osakis, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
20 active listings and 155 off-market properties in Osakis, MN.
Market Trends
Osakis, MN spans 132.6 square miles in Douglas County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Osakis, 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 Osakis, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Osakis, 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 Osakis, 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 59.2%
- Agricultural 24.3%
- Commercial 10.3%
- Civic 3.6%
- Industrial 2.6%
Largest Zones share of zoned land by district
Low Density Residential
Urban Reserve
Old Town Residential
Highway Commercial
General Commercial
Osakis, MN zones 1,305 acres across 9 districts. Commercial zoning covers 10.3% of zoned land, residential 59.2% and industrial 2.6%. The largest single district is Low Density Residential at 41.6%. For commercial buyers the practical constraint is that only 12.9% of land carries a commercial or industrial designation.
Old Town Residential (R-O)
The R-O, Old Town Residential District, was established to provide for existing low density, single family residential uses in the older areas of the city where smaller lots exist. R-1 (Low Density) The R-1, Low Density Residential District, was established to provide predominantly low density, single family residential uses in areas of the city where the lo…
Market overview
Demographics & Economy
Osakis, MN has 4,093 residents in 2,688 households. Density runs 31 people per square mile. Median household income here is $65,395 and median gross rent $742 a month.
4,093
Population
2,688
Households
1.5
Avg Household Size
45
Median Age
19%
College-Educated
94%
High-School Grad
132.6 sq mi
ZIP Area
31
Density / Sq Mi
$65,395
Median Household Income
$43,939
Median Earnings
$742
Median Rent
$233,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| West Union | — | — |
| Nelson | — | — |
| Carlos | — | — |
| Little Sauk | — | — |
Commercial property in Osakis, MN asks $381/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Osakis?
Commercial property in Osakis, MN asks an average of $381 per square foot.
What zoning applies to commercial property in Osakis?
Osakis, MN zones 1,305 acres across 9 districts, of which 10.3% is commercial and 2.6% industrial. The largest single district is Low Density Residential at 41.6% of zoned land. Residential zoning covers 59.2% and open space 0%.
Where does Realmo's Osakis market data come from?
Realmo compiles Osakis, MN figures from 3 recent recorded sales, 20 active sale listings, 155 tracked off-market properties, the current Osakis zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 20 active for-sale and 0 active for-lease listings in Osakis, 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: 1,305 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
