Commercial Real Estate Market in Pine City, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
35 active listings and 260 off-market properties in Pine City, MN.
Market Trends
Pine City, MN spans 159.2 square miles in Pine County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Pine City, 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 Pine City, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Pine City, 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 Pine City, MN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Pine City, MN has 9,236 residents in 4,998 households. Density runs 58 people per square mile. Median household income here is $74,854 and median gross rent $763 a month.
9,236
Population
4,998
Households
1.8
Avg Household Size
45
Median Age
18%
College-Educated
93%
High-School Grad
159.2 sq mi
ZIP Area
58
Density / Sq Mi
$74,854
Median Household Income
$45,610
Median Earnings
$763
Median Rent
$239,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| West Rock | — | — |
| Rock Creek | — | — |
| Henriette | — | — |
| Grasston | — | — |
Commercial property in Pine City, MN asks $583/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Pine City?
Commercial property in Pine City, MN asks an average of $583 per square foot. The 6 most recent recorded sales traded at a median of $305/SF, so asking sits 91% above the achieved median.
Where does Realmo's Pine City market data come from?
Realmo compiles Pine City, MN figures from 8 recent recorded sales, 35 active sale listings, 260 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 35 active for-sale and 0 active for-lease listings in Pine City, 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
