Commercial Real Estate Market in Paynesville, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
8 active listings and 269 off-market properties in Paynesville, MN. Commercial property asks $366/SF to buy and $260.00/SF/Yr to lease.
Market Trends
Paynesville, MN spans 150.1 square miles in Stearns County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Paynesville, 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 Paynesville, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Paynesville, 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 Paynesville, 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 59.5%
- Commercial 30.3%
- Industrial 8.5%
- Mixed use 1.7%
Largest Zones share of zoned land by district
Single And Two Family Residential District
Highway Commercial District
Agricultural District
Light Industrial District
Multiple Family Residential District
Paynesville, MN zones 1,465 acres across 9 districts. Commercial zoning covers 30.3% of zoned land, residential 59.5% and industrial 8.5%. The largest single district is Single And Two Family Residential District at 35.6%. For commercial buyers the practical constraint is that only 38.8% of land carries a commercial or industrial designation.
Single And Two Family Residential District (R-1)
Sec. 36-42. - R-1 single- and two-family residential district. (a) Intent. Areas occupied by single- and multi-family dwellings are designed to promote the development of owner-occupied homes and reasonably-priced rental properties with standards promoting community growth, accessibility to all individuals with varying socioeconomic backgrounds and limit ove…
Market overview
Demographics & Economy
Paynesville, MN has 5,825 residents in 2,942 households. Density runs 39 people per square mile. Median household income here is $81,536 and median gross rent $888 a month.
5,825
Population
2,942
Households
2
Avg Household Size
44
Median Age
27%
College-Educated
93%
High-School Grad
150.1 sq mi
ZIP Area
39
Density / Sq Mi
$81,536
Median Household Income
$46,750
Median Earnings
$888
Median Rent
$242,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Roscoe | — | — |
| Hawick | — | — |
| Regal | — | — |
| Lake Henry | — | — |
Commercial property in Paynesville, MN asks $366/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Paynesville?
Commercial property in Paynesville, MN asks an average of $366 per square foot.
How much does it cost to lease commercial space in Paynesville?
Asking lease rates in Paynesville, MN average $260.00 per square foot per year.
What zoning applies to commercial property in Paynesville?
Paynesville, MN zones 1,465 acres across 9 districts, of which 30.3% is commercial and 8.5% industrial. The largest single district is Single And Two Family Residential District at 35.6% of zoned land. Sec. 36-42. - R-1 single- and two-family residential district. (a) Intent. Areas occupied by single- and multi-family dwellings are designed to promote the development of owner-occupied homes and reasonably-priced rental properties with standards promoting community growth, accessibility to all individuals with varying socioeconomic backgrounds and limit ove… Residential zoning covers 59.5% and open space 0%.
Where does Realmo's Paynesville market data come from?
Realmo compiles Paynesville, MN figures from 2 recent recorded sales, 7 active sale listings, 1 active lease listings, 269 tracked off-market properties, the current Paynesville 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 1 active for-lease listings in Paynesville, 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: 1,465 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
