Commercial Real Estate Market in Pierz, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 195 off-market properties in Pierz, MN.
Market Trends
Pierz, MN spans 239.8 square miles in Morrison County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Pierz, 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 Pierz, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Pierz, 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 Pierz, 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 64.3%
- Open space 13.4%
- Commercial 11.4%
- Civic 7.7%
- Industrial 3.4%
Largest Zones share of zoned land by district
Medium Density Single Family
Low Density Single Family
Public And Park
Highway Commercial
School And Education
Pierz, MN zones 896 acres across 10 districts. Commercial zoning covers 11.4% of zoned land, residential 64.3%, open space 13.4% and industrial 3.4%. The largest single district is Medium Density Single Family at 33.3%. For commercial buyers the practical constraint is that only 14.7% of land carries a commercial or industrial designation.
Medium Density Single Family (R-1)
PART #5. (R-1) MEDIUM DENSITY SINGLE-FAMILY RESIDENTIAL DISTRICT. 1405.01. Purpose. It is the intent of this district to permit the development of single-family and two-family dwellings in the community where adequate municipal utilities exist or are to be extended, to provide for reasonable standards for such development, to avoid overcrowding, and to prohi…
Market overview
Demographics & Economy
Pierz, MN has 5,562 residents in 2,301 households. Density runs 23 people per square mile. Median household income here is $77,440 and median gross rent $929 a month.
5,562
Population
2,301
Households
2.4
Avg Household Size
40
Median Age
16%
College-Educated
94%
High-School Grad
239.8 sq mi
ZIP Area
23
Density / Sq Mi
$77,440
Median Household Income
$44,638
Median Earnings
$929
Median Rent
$239,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Genola | — | — |
| Lastrup | — | — |
| Buckman | — | — |
| Harding | — | — |
Commercial property in Pierz, MN asks $135/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Pierz?
Commercial property in Pierz, MN asks an average of $135 per square foot. The 5 most recent recorded sales traded at a median of $54/SF, so asking sits 149% above the achieved median.
What zoning applies to commercial property in Pierz?
Pierz, MN zones 896 acres across 10 districts, of which 11.4% is commercial and 3.4% industrial. The largest single district is Medium Density Single Family at 33.3% of zoned land. PART #5. (R-1) MEDIUM DENSITY SINGLE-FAMILY RESIDENTIAL DISTRICT. 1405.01. Purpose. It is the intent of this district to permit the development of single-family and two-family dwellings in the community where adequate municipal utilities exist or are to be extended, to provide for reasonable standards for such development, to avoid overcrowding, and to prohi… Residential zoning covers 64.3% and open space 13.4%.
Where does Realmo's Pierz market data come from?
Realmo compiles Pierz, MN figures from 5 recent recorded sales, 1 active sale listings, 195 tracked off-market properties, the current Pierz zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Pierz, 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: 896 zoned acres across 10 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
