Commercial Real Estate Market in Saint Peter, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
35 active listings and 402 off-market properties in Saint Peter, MN. Commercial property asks $351/SF to buy and $8.00/SF/Yr to lease.
Market Trends
Saint Peter, MN spans 124.1 square miles in Nicollet County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Saint Peter, 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 Peter, 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 Peter, 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 Peter, 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 Peter, MN has 14,507 residents in 5,149 households. Density runs 117 people per square mile. Median household income here is $72,332 and median gross rent $952 a month.
14,507
Population
5,149
Households
2.8
Avg Household Size
34
Median Age
32%
College-Educated
92%
High-School Grad
124.1 sq mi
ZIP Area
117
Density / Sq Mi
$72,332
Median Household Income
$30,904
Median Earnings
$952
Median Rent
$263,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Kasota | — | — |
| Cleveland | — | — |
| North Mankato | — | $23.33 |
| Le Sueur | — | — |
Commercial property in Saint Peter, MN asks $351/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Saint Peter?
Commercial property in Saint Peter, MN asks an average of $351 per square foot. The 6 most recent recorded sales traded at a median of $76/SF, so asking sits 365% above the achieved median.
How much does it cost to lease commercial space in Saint Peter?
Asking lease rates in Saint Peter, MN average $8.00 per square foot per year.
Where does Realmo's Saint Peter market data come from?
Realmo compiles Saint Peter, MN figures from 8 recent recorded sales, 23 active sale listings, 12 active lease listings, 402 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 23 active for-sale and 12 active for-lease listings in Saint Peter, 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
