Commercial Real Estate Market in Saint Peter, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
21 active listings and 402 off-market properties in Saint Peter, MN.
Market Trends
Saint Peter, MN spans 124.1 square miles in Nicollet County, Minnesota. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Saint Peter, MN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Saint Peter, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily space in Saint Peter, MN has a median asking sale price of $129/SF (based on 3 listings). Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| North Mankato | $167 | $30.00 |
| Mankato | $135 | $13.50 |
Commercial property in Saint Peter, MN asks $129/SF. The 2 bordering markets run from $135/SF in Mankato to $167/SF in North Mankato, and the city sits below their $151/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Saint Peter?
How does Saint Peter compare to nearby markets on price?
Where does Realmo's Saint Peter market data come from?
Methodology & data sources
- Asking prices and medians
- There are 12 active for-sale and 9 active for-lease listings in Saint Peter, MN. The sale median is based on 3 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
