Commercial Real Estate Market in Shoreview, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
13 active listings and 178 off-market properties in Shoreview, MN. Commercial property asks $869/SF to buy and $12.50/SF/Yr to lease.
Market Trends
Shoreview, MN spans 13.7 square miles in Ramsey County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Shoreview, 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 Shoreview, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Shoreview, 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 Shoreview, 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
- Residential 59%
- Open space 20.4%
- Planned_development 14.3%
- Industrial 1.6%
- Commercial 0.8%
Largest Zones share of zoned land by district
Detached Residential
Open Space
Planned Unit Development
Attached Residential
Tower
Shoreview, MN zones 6,199 acres across 15 districts. Commercial zoning covers 0.8% of zoned land, residential 59%, open space 20.4% and industrial 1.6%. The largest single district is Detached Residential at 53.3%. For commercial buyers the practical constraint is that only 2.4% of land carries a commercial or industrial designation.
Detached Residential (R1)
RE/R1 districts: Pools shall not be located within ten feet of any side or rear lot line or within six feet of any principal structure or frost footing. Pools shall not be located within any front yard or any side yard abutting a street. 2. R2, R3, R4 districts: No part of the water surface of the pool shall be less than 50 feet from any lot line. All deck a…
Market overview
Demographics & Economy
Shoreview, MN has 27,390 residents in 11,946 households. Density runs 1,998 people per square mile. Median household income here is $109,017 and median gross rent $1,507 a month.
27,390
Population
11,946
Households
2.3
Avg Household Size
44
Median Age
63%
College-Educated
97%
High-School Grad
13.7 sq mi
ZIP Area
1,998
Density / Sq Mi
$109,017
Median Household Income
$66,815
Median Earnings
$1,507
Median Rent
$366,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Arden Hills | — | — |
| New Brighton | — | — |
| North Oaks | — | — |
| Mounds View | — | — |
Commercial property in Shoreview, MN asks $869/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Shoreview?
Commercial property in Shoreview, MN asks an average of $869 per square foot. The 4 most recent recorded sales traded at a median of $316/SF, so asking sits 175% above the achieved median.
How much does it cost to lease commercial space in Shoreview?
Asking lease rates in Shoreview, MN average $12.50 per square foot per year.
What zoning applies to commercial property in Shoreview?
Shoreview, MN zones 6,199 acres across 15 districts, of which 0.8% is commercial and 1.6% industrial. The largest single district is Detached Residential at 53.3% of zoned land. RE/R1 districts: Pools shall not be located within ten feet of any side or rear lot line or within six feet of any principal structure or frost footing. Pools shall not be located within any front yard or any side yard abutting a street. 2. R2, R3, R4 districts: No part of the water surface of the pool shall be less than 50 feet from any lot line. All deck a… Residential zoning covers 59% and open space 20.4%.
Where does Realmo's Shoreview market data come from?
Realmo compiles Shoreview, MN figures from 5 recent recorded sales, 8 active sale listings, 5 active lease listings, 178 tracked off-market properties, the current Shoreview 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 5 active for-lease listings in Shoreview, 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: 6,199 zoned acres across 15 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, 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
