Commercial Real Estate Market in Stewartville, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
22 active listings and 291 off-market properties in Stewartville, MN. Commercial property asks $201/SF to buy and $15.00/SF/Yr to lease.
Market Trends
Stewartville, MN spans 91.0 square miles in Olmsted County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Stewartville, 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 Stewartville, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Stewartville, 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 Stewartville, 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 56.4%
- Industrial 12%
- Commercial 9.1%
Largest Zones share of zoned land by district
Low Density Residential
Public Semi Public
Medium Density Residential
Light Manufacturing District
Multifamily High Density Residential
Stewartville, MN zones 2,059 acres across 9 districts. Commercial zoning covers 9.1% of zoned land, residential 56.4% and industrial 12%. The largest single district is Low Density Residential at 32.1%. For commercial buyers the practical constraint is that only 21% of land carries a commercial or industrial designation.
Low Density Residential (R1)
The intent of R-1 Single Family Residential, Low Density Residential District is to provide land area for residential uses on larger urban lots that include and are compatible with single family dwelling units.
Market overview
Demographics & Economy
Stewartville, MN has 8,338 residents in 3,462 households. Density runs 92 people per square mile. Median household income here is $79,044 and median gross rent $977 a month.
8,338
Population
3,462
Households
2.4
Avg Household Size
37
Median Age
30%
College-Educated
96%
High-School Grad
91 sq mi
ZIP Area
92
Density / Sq Mi
$79,044
Median Household Income
$49,839
Median Earnings
$977
Median Rent
$277,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| High Forest | — | — |
| Pleasant Grove | — | — |
| Racine | — | — |
| Predmore | — | — |
Commercial property in Stewartville, MN asks $201/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Stewartville?
Commercial property in Stewartville, MN asks an average of $201 per square foot. The 3 most recent recorded sales traded at a median of $71/SF, so asking sits 182% above the achieved median.
How much does it cost to lease commercial space in Stewartville?
Asking lease rates in Stewartville, MN average $15.00 per square foot per year.
What zoning applies to commercial property in Stewartville?
Stewartville, MN zones 2,059 acres across 9 districts, of which 9.1% is commercial and 12% industrial. The largest single district is Low Density Residential at 32.1% of zoned land. The intent of R-1 Single Family Residential, Low Density Residential District is to provide land area for residential uses on larger urban lots that include and are compatible with single family dwelling units. Residential zoning covers 56.4% and open space 0%.
Where does Realmo's Stewartville market data come from?
Realmo compiles Stewartville, MN figures from 8 recent recorded sales, 19 active sale listings, 3 active lease listings, 291 tracked off-market properties, the current Stewartville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 19 active for-sale and 3 active for-lease listings in Stewartville, 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: 2,059 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, 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
