Commercial Real Estate Market in Stephen, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 75 off-market properties in Stephen, MN.
Market Trends
Stephen, MN spans 234.4 square miles in Marshall County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Stephen, 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 Stephen, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Stephen, 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 Stephen, MN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Stephen, MN has 853 residents in 441 households. Density runs 4 people per square mile. Median household income here is $79,219 and median gross rent $1,063 a month.
853
Population
441
Households
1.9
Avg Household Size
44
Median Age
26%
College-Educated
92%
High-School Grad
234.4 sq mi
ZIP Area
4
Density / Sq Mi
$79,219
Median Household Income
$50,069
Median Earnings
$1,063
Median Rent
$113,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Argyle | — | — |
| Donaldson | — | — |
| Florian | — | — |
| Kennedy | — | — |
Commercial property in Stephen, MN asks $423/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Stephen?
Commercial property in Stephen, MN asks an average of $423 per square foot.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Stephen, 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.
- 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
