Commercial Real Estate Market in Otsego, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
31 active listings and 78 off-market properties in Otsego, MN.
Market Trends
Otsego, MN spans 214.3 square miles in Wright County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Otsego, 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 Otsego, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Otsego, 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 Otsego, 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
- Civic 48.8%
- Residential 42.9%
- Planned_development 4.3%
- Industrial 3.4%
- Commercial 0.7%
Largest Zones share of zoned land by district
Agricultural Rural Service Area
Agricultural Long Range Urban Service Area
Residential Long Range Urban Service Area
Residential Single And Two Family
Residential Rural Open Space Cluster
Agricultural Rural Service Area (A-1)
The A-1 Agricultural Rural Service District is established for the purpose of preserving, promoting, maintaining and enhancing the use of land for commercial agricultural purposes, to prevent scattered and leap frog urbanization and non farm growth, to protect and preserve natural resource areas, and to stabilize increases in public expenditures for such pub…
Market overview
Demographics & Economy
Otsego, MN has 92,744 residents in 34,601 households. Density runs 433 people per square mile. Median household income here is $117,052 and median gross rent $1,423 a month.
92,744
Population
34,601
Households
2.7
Avg Household Size
37
Median Age
36%
College-Educated
95%
High-School Grad
214.3 sq mi
ZIP Area
433
Density / Sq Mi
$117,052
Median Household Income
$60,484
Median Earnings
$1,423
Median Rent
$358,248
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Albertville | — | — |
| Saint Michael | — | — |
| Hanover | — | — |
| Elk River | — | — |
Commercial property in Otsego, MN asks $15/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Otsego?
Commercial property in Otsego, MN asks an average of $15 per square foot.
Where does Realmo's Otsego market data come from?
Realmo compiles Otsego, MN figures from 3 recent recorded sales, 21 active sale listings, 10 active lease listings, 78 tracked off-market properties, the current Otsego zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 21 active for-sale and 10 active for-lease listings in Otsego, 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: 18,727 zoned acres across 19 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
