Commercial Real Estate Market in Wabasha, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
20 active listings and 429 off-market properties in Wabasha, MN.
Market Trends
Wabasha, MN spans 50.9 square miles in Wabasha County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Wabasha, 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 Wabasha, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Wabasha, 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 Wabasha, 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 73.9%
- Civic 14.8%
- Commercial 6.6%
- Industrial 4.8%
Largest Zones share of zoned land by district
Residential Conservancy
Medium Density Residential
Rural Residential Growth And Transitional
Low Density Residential
Rural Residential And Limited And Agriculture
Wabasha, MN zones 5,182 acres across 9 districts. Commercial zoning covers 6.6% of zoned land, residential 73.9% and industrial 4.8%. The largest single district is Residential Conservancy at 45.3%. For commercial buyers the practical constraint is that only 11.3% of land carries a commercial or industrial designation.
Residential Conservancy (RC)
It is intent to allow for limited development in areas of the city where topography or natural resources require careful alterations to the land and placement of structures and infrastructure.
Market overview
Demographics & Economy
Wabasha, MN has 3,998 residents in 2,229 households. Density runs 78 people per square mile. Median household income here is $69,195 and median gross rent $773 a month.
3,998
Population
2,229
Households
1.8
Avg Household Size
55
Median Age
26%
College-Educated
95%
High-School Grad
50.9 sq mi
ZIP Area
78
Density / Sq Mi
$69,195
Median Household Income
$42,211
Median Earnings
$773
Median Rent
$234,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Reads Landing | — | — |
| Nelson | — | — |
| Dumfries | — | — |
| Kellogg | — | — |
Commercial property in Wabasha, MN asks $158/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Wabasha?
Commercial property in Wabasha, MN asks an average of $158 per square foot.
What zoning applies to commercial property in Wabasha?
Wabasha, MN zones 5,182 acres across 9 districts, of which 6.6% is commercial and 4.8% industrial. The largest single district is Residential Conservancy at 45.3% of zoned land. It is intent to allow for limited development in areas of the city where topography or natural resources require careful alterations to the land and placement of structures and infrastructure. Residential zoning covers 73.9% and open space 0%.
Where does Realmo's Wabasha market data come from?
Realmo compiles Wabasha, MN figures from 8 recent recorded sales, 19 active sale listings, 1 active lease listings, 429 tracked off-market properties, the current Wabasha 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 1 active for-lease listings in Wabasha, 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: 5,182 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
