Commercial Real Estate Market in Randolph, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 47 off-market properties in Randolph, MN.
Market Trends
Randolph, MN spans 32.7 square miles in Dakota County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Randolph, 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 Randolph, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Randolph, 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 space in Randolph, MN asks $173/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 34.8%
- Agricultural 29.2%
- Special 17.4%
- Industrial 11.4%
- Civic 3.8%
- Commercial 3.5%
Largest Zones share of zoned land by district
Agricultural
Urban Residential
Floodplain
Rural Residential
Limited Industrial
Market overview
Demographics & Economy
Randolph, MN has 1,217 residents in 470 households. Density runs 37 people per square mile. Median household income here is $116,500 and median gross rent $1,486 a month.
1,217
Population
470
Households
2.6
Avg Household Size
40
Median Age
34%
College-Educated
97%
High-School Grad
32.7 sq mi
ZIP Area
37
Density / Sq Mi
$116,500
Median Household Income
$60,524
Median Earnings
$1,486
Median Rent
$372,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Stanton | — | — |
| Cannon Falls | — | — |
| Hampton | — | — |
| Waterford | — | — |
Frequently Asked Questions
Where does Realmo's Randolph market data come from?
Realmo compiles Randolph, MN figures from 3 recent recorded sales, 5 active sale listings, 47 tracked off-market properties, the current Randolph zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 0 active for-lease listings in Randolph, 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: 638 zoned acres across 8 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
