Commercial Real Estate Market in Sandstone, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
8 active listings and 183 off-market properties in Sandstone, MN.
Market Trends
Sandstone, MN spans 352.8 square miles in Pine County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Sandstone, 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 Sandstone, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Sandstone, 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 Sandstone, 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
- Open space 48.4%
- Civic 33.8%
- Industrial 7.4%
- Mixed use 5.5%
- Commercial 0.8%
Largest Zones share of zoned land by district
Public Recreation Open Space
Suburban Residential
Traditional Residential
Highway Mixed Use
Professional Li Business Park
Public Recreation Open Space (PR)
The Public Recreational and Open Space zoning district is intended to preserve, protect and enhance land set aside for public parks or natural areas or other publicly owned lands, the areas and facilities provide many benefits to city residents and visitors, they provide recreational and cultural opportunities preserve natural and scenic areas and offer refu…
Market overview
Demographics & Economy
Sandstone, MN has 4,346 residents in 2,425 households. Density runs 12 people per square mile. Median household income here is $57,500 and median gross rent $1,025 a month.
4,346
Population
2,425
Households
1.8
Avg Household Size
43
Median Age
15%
College-Educated
87%
High-School Grad
352.8 sq mi
ZIP Area
12
Density / Sq Mi
$57,500
Median Household Income
$36,530
Median Earnings
$1,025
Median Rent
$188,900
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
Where does Realmo's Sandstone market data come from?
Realmo compiles Sandstone, MN figures from 5 recent recorded sales, 8 active sale listings, 183 tracked off-market properties, the current Sandstone zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 8 active for-sale and 0 active for-lease listings in Sandstone, 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: 3,457 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
