Commercial Real Estate Market in Slayton, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
31 active listings and 236 off-market properties in Slayton, MN.
Market Trends
Slayton, MN spans 211.8 square miles in Murray County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Slayton, 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 Slayton, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Slayton, 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 Slayton, 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
- Commercial 50.5%
- Civic 20.9%
- Residential 17%
- Industrial 2.7%
Largest Zones share of zoned land by district
Residential
Agriculture And Open Space District
Residential
Business
No Zoning
Slayton, MN zones 1,296 acres across 9 districts. Commercial zoning covers 50.5% of zoned land, residential 17% and industrial 2.7%. The largest single district is Residential at 34.7%. For commercial buyers the practical constraint is that only 53.1% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Slayton, MN has 3,699 residents in 1,977 households. Density runs 17 people per square mile. Median household income here is $79,379 and median gross rent $713 a month.
3,699
Population
1,977
Households
1.9
Avg Household Size
47
Median Age
29%
College-Educated
92%
High-School Grad
211.8 sq mi
ZIP Area
17
Density / Sq Mi
$79,379
Median Household Income
$45,515
Median Earnings
$713
Median Rent
$182,952
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Iona | — | — |
| Avoca | — | — |
| Currie | — | — |
| Chandler | — | — |
Commercial property in Slayton, MN asks $37/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Slayton?
Commercial property in Slayton, MN asks an average of $37 per square foot.
What zoning applies to commercial property in Slayton?
Slayton, MN zones 1,296 acres across 9 districts, of which 50.5% is commercial and 2.7% industrial. The largest single district is Residential at 34.7% of zoned land. Residential zoning covers 17% and open space 0%.
Where does Realmo's Slayton market data come from?
Realmo compiles Slayton, MN figures from 31 active sale listings, 236 tracked off-market properties, the current Slayton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 31 active for-sale and 0 active for-lease listings in Slayton, 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: 1,296 zoned acres across 9 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
