Commercial Real Estate Market in Ottertail, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
7 active listings and 120 off-market properties in Ottertail, MN.
Market Trends
Ottertail, MN spans 46.3 square miles in Otter Tail County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Ottertail, 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 Ottertail, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Ottertail, 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 Ottertail, 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
- Commercial 61.8%
- Residential 38.3%
Largest Zones share of zoned land by district
Agricultural
Single Family Residential
Commercial
Private Recreational
Public
Ottertail, MN zones 2,721 acres across 6 districts. Commercial zoning covers 61.8% of zoned land, residential 38.3%. The largest single district is Agricultural at 47.7%. For commercial buyers the practical constraint is that only 61.8% of land carries a commercial or industrial designation.
Agricultural (A)
ACCESSORY USE. A use on the same lot with and incidental and subordinate to the principal use or structure facility. AGRICULTURE. The use of land for agricultural purposes, including farming, dairying, pasturage agriculture, horticulture, floriculture, viticulture and animal and poultry husbandry and the necessary accessory uses for packing, treating or stor…
Market overview
Demographics & Economy
Ottertail, MN has 1,968 residents in 1,574 households. Density runs 42 people per square mile. Median household income here is $83,500 and median gross rent $732 a month.
1,968
Population
1,574
Households
1.3
Avg Household Size
54
Median Age
27%
College-Educated
96%
High-School Grad
46.3 sq mi
ZIP Area
42
Density / Sq Mi
$83,500
Median Household Income
$46,108
Median Earnings
$732
Median Rent
$316,900
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Ottertail?
Ottertail, MN zones 2,721 acres across 6 districts, of which 61.8% is commercial and 0% industrial. The largest single district is Agricultural at 47.7% of zoned land. ACCESSORY USE. A use on the same lot with and incidental and subordinate to the principal use or structure facility. AGRICULTURE. The use of land for agricultural purposes, including farming, dairying, pasturage agriculture, horticulture, floriculture, viticulture and animal and poultry husbandry and the necessary accessory uses for packing, treating or stor… Residential zoning covers 38.3% and open space 0%.
Where does Realmo's Ottertail market data come from?
Realmo compiles Ottertail, MN figures from 7 active sale listings, 120 tracked off-market properties, the current Ottertail zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 7 active for-sale and 0 active for-lease listings in Ottertail, 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: 2,721 zoned acres across 6 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
