Commercial Real Estate Market in Pequot Lakes, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
30 active listings and 520 off-market properties in Pequot Lakes, MN.
Market Trends
Pequot Lakes, MN spans 154.9 square miles in Crow Wing County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Pequot Lakes, 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 Pequot Lakes, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Pequot Lakes, 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 Pequot Lakes, MN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Pequot Lakes, MN has 8,315 residents in 6,212 households. Density runs 54 people per square mile. Median household income here is $81,938 and median gross rent $848 a month.
8,315
Population
6,212
Households
1.3
Avg Household Size
46
Median Age
34%
College-Educated
96%
High-School Grad
154.9 sq mi
ZIP Area
54
Density / Sq Mi
$81,938
Median Household Income
$42,052
Median Earnings
$848
Median Rent
$299,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Pine River | — | — |
| Breezy Point | — | — |
| Nisswa | — | — |
| Jenkins | — | — |
Commercial property in Pequot Lakes, MN asks $2,700/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Pequot Lakes?
Commercial property in Pequot Lakes, MN asks an average of $2,700 per square foot.
Methodology & data sources
- Asking prices and averages
- Computed from 30 active for-sale and 0 active for-lease listings in Pequot Lakes, 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.
- 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
