Commercial Real Estate Market in Vergas, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 50 off-market properties in Vergas, MN.
Market Trends
Vergas, MN spans 53.2 square miles in Otter Tail County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Vergas, 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 Vergas, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Vergas, 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 Vergas, 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 80%
- Industrial 13.5%
- Commercial 6.5%
Largest Zones share of zoned land by district
Residential
Rural Residential And Agriculture
Industrial
Commercial
Residential
Vergas, MN zones 1,007 acres across 5 districts. Commercial zoning covers 6.5% of zoned land, residential 80% and industrial 13.5%. The largest single district is Residential at 45.4%. For commercial buyers the practical constraint is that only 20% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Vergas, MN has 1,454 residents in 1,112 households. Density runs 27 people per square mile. Median household income here is $83,203 and median gross rent $810 a month.
1,454
Population
1,112
Households
1.3
Avg Household Size
54
Median Age
30%
College-Educated
94%
High-School Grad
53.2 sq mi
ZIP Area
27
Density / Sq Mi
$83,203
Median Household Income
$48,214
Median Earnings
$810
Median Rent
$336,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Frazee | — | — |
| Dent | — | — |
| Detroit Lakes | — | — |
| Perham | — | — |
Commercial property in Vergas, MN asks $302/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Vergas?
Commercial property in Vergas, MN asks an average of $302 per square foot.
What zoning applies to commercial property in Vergas?
Vergas, MN zones 1,007 acres across 5 districts, of which 6.5% is commercial and 13.5% industrial. The largest single district is Residential at 45.4% of zoned land. Residential zoning covers 80% and open space 0%.
Where does Realmo's Vergas market data come from?
Realmo compiles Vergas, MN figures from 4 active sale listings, 50 tracked off-market properties, the current Vergas zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 0 active for-lease listings in Vergas, 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: 1,007 zoned acres across 5 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
