Commercial Real Estate Market in Plato, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Plato, MN spans 20.7 square miles in McLeod County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Plato, 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 Plato, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Plato, 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 Plato, 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
- Civic 55.2%
- Industrial 30.4%
- Commercial 12.8%
- Residential 1.6%
Largest Zones share of zoned land by district
Low Density Residential
Manufacturing Industrial
Highway Business
Downtown Business
High Density Residential
Market overview
Demographics & Economy
Plato, MN has 762 residents in 234 households. Density runs 37 people per square mile. Median household income here is $117,344.
762
Population
234
Households
3.3
Avg Household Size
43
Median Age
16%
College-Educated
90%
High-School Grad
20.7 sq mi
ZIP Area
37
Density / Sq Mi
$117,344
Median Household Income
$44,464
Median Earnings
$0
Median Rent
$332,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hamburg | — | — |
| Glencoe | — | — |
| Green Isle | — | — |
| Norwood Young America | — | — |
Frequently Asked Questions
Where does Realmo's Plato market data come from?
Realmo compiles Plato, MN figures from 2 recent recorded sales, 33 tracked off-market properties, the current Plato zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- 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: 203 zoned acres across 5 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
