Commercial Real Estate Market in Saint Michael, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
15 active listings and 154 off-market properties in Saint Michael, MN.
Market Trends
Saint Michael, MN spans 34.1 square miles in Wright County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Saint Michael, 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 Saint Michael, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Saint Michael, 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 Saint Michael, MN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Saint Michael, MN has 21,473 residents in 8,312 households. Density runs 630 people per square mile. Median household income here is $133,673 and median gross rent $2,000 a month.
21,473
Population
8,312
Households
2.6
Avg Household Size
36
Median Age
45%
College-Educated
99%
High-School Grad
34.1 sq mi
ZIP Area
630
Density / Sq Mi
$133,673
Median Household Income
$64,986
Median Earnings
$2,000
Median Rent
$373,832
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Albertville | — | — |
| Hanover | — | — |
| Otsego | — | — |
| Rogers | — | — |
Commercial property in Saint Michael, MN asks $1,043/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Saint Michael?
Commercial property in Saint Michael, MN asks an average of $1,043 per square foot. The 5 most recent recorded sales traded at a median of $211/SF, so asking sits 395% above the achieved median.
Where does Realmo's Saint Michael market data come from?
Realmo compiles Saint Michael, MN figures from 6 recent recorded sales, 13 active sale listings, 2 active lease listings, 154 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 13 active for-sale and 2 active for-lease listings in Saint Michael, 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, 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
