Commercial Real Estate Market in Vermillion, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Vermillion, MN spans 0.9 square miles in Dakota County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Vermillion, 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 Vermillion, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Vermillion, 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 space in Vermillion, MN asks $173/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Agricultural 82.9%
- Residential 14.3%
- Open space 1.5%
- Commercial 1.4%
Largest Zones share of zoned land by district
Agricultural
Low Density Residential
Recreation Open Space
General Commercial
Medium Density Residential
Market overview
Demographics & Economy
Vermillion, MN has 412 residents in 172 households. Density runs 448 people per square mile. Median household income here is $93,333 and median gross rent $1,021 a month.
412
Population
172
Households
2.4
Avg Household Size
42
Median Age
15%
College-Educated
97%
High-School Grad
0.9 sq mi
ZIP Area
448
Density / Sq Mi
$93,333
Median Household Income
$52,500
Median Earnings
$1,021
Median Rent
$291,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hampton | — | — |
| New Trier | — | — |
| Hastings | — | $14.17 |
| Farmington | — | — |
Methodology & data sources
- 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: 635 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
