Commercial Real Estate Market in Royalton, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 109 off-market properties in Royalton, MN.
Market Trends
Royalton, MN spans 99.5 square miles in Morrison County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Royalton, 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 Royalton, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Royalton, 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 Royalton, 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 86.4%
- Industrial 5.8%
- Commercial 4.5%
Largest Zones share of zoned land by district
Townhouse
Agricultural Rural Residence District
Heavy Industrial District
Single And Two Family Residential District
Commercial District
Royalton, MN zones 1,335 acres across 13 districts. Commercial zoning covers 4.5% of zoned land, residential 86.4% and industrial 5.8%. The largest single district is Townhouse at 45.3%. For commercial buyers the practical constraint is that only 10.3% of land carries a commercial or industrial designation.
Townhouse (R-1)
SECTION 5.0 “R-1” SINGLE FAMILY RESIDENTIAL DISTRICT 5.01 Intent It is the intent of this district to permit the development of single -family dwellings in the community where adequate muni cipal utilities exist or are to be extended, to provide for reasonable standards for such development, to avoid overcrowding, and to prohibit the use of land which would…
Market overview
Demographics & Economy
Royalton, MN has 3,233 residents in 1,309 households. Density runs 33 people per square mile. Median household income here is $91,544 and median gross rent $842 a month.
3,233
Population
1,309
Households
2.5
Avg Household Size
38
Median Age
19%
College-Educated
95%
High-School Grad
99.5 sq mi
ZIP Area
33
Density / Sq Mi
$91,544
Median Household Income
$48,693
Median Earnings
$842
Median Rent
$266,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bowlus | — | — |
| Rice | — | — |
| Saint Stephen | — | — |
| Sobieski | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Royalton?
Royalton, MN zones 1,335 acres across 13 districts, of which 4.5% is commercial and 5.8% industrial. The largest single district is Townhouse at 45.3% of zoned land. SECTION 5.0 “R-1” SINGLE FAMILY RESIDENTIAL DISTRICT 5.01 Intent It is the intent of this district to permit the development of single -family dwellings in the community where adequate muni cipal utilities exist or are to be extended, to provide for reasonable standards for such development, to avoid overcrowding, and to prohibit the use of land which would… Residential zoning covers 86.4% and open space 0%.
Where does Realmo's Royalton market data come from?
Realmo compiles Royalton, MN figures from 2 active sale listings, 109 tracked off-market properties, the current Royalton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Royalton, 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: 1,335 zoned acres across 13 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
