Commercial Real Estate Market in Shakopee, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
47 active listings and 734 off-market properties in Shakopee, MN.
Market Trends
Shakopee, MN spans 116.4 square miles in Scott County, Minnesota. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Shakopee, MN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Shakopee, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Shakopee, 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 vacancy in Shakopee, MN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 41%
- Agricultural 25%
- Industrial 12.6%
- Open space 11.5%
- Commercial 5%
- Planned_development 2.8%
- Mixed use 1.6%
Largest Zones share of zoned land by district
Shakopee, MN zones 16,134 acres across 22 districts. Commercial zoning covers 5% of zoned land, residential 41%, open space 11.5% and industrial 12.6%. The largest single district is Agricultural Preservation at 25%. For commercial buyers the practical constraint is that only 17.6% of land carries a commercial or industrial designation.
The purpose of the Agricultural Preservation Zone is to preserve and promote agriculture in the unsewered areas of the city which are suitable for such use, to prevent scattered and leap frog non farm growth, and to prevent premature expenditures for such public services as roads, sewer, water, and police and fire protection.
Market overview
Demographics & Economy
Shakopee, MN has 82,581 residents in 30,659 households. Density runs 710 people per square mile. Median household income here is $122,715 and median gross rent $1,484 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Shakopee?
What zoning applies to commercial property in Shakopee?
Where does Realmo's Shakopee market data come from?
Methodology & data sources
- Asking prices and medians
- There are 16 active for-sale and 31 active for-lease listings in Shakopee, MN. The sale median is based on 5 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.
- Zoning and land use
- The current municipal zoning release: 16,134 zoned acres across 22 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 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
