Commercial Real Estate Market in Waite Park, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
35 active listings and 478 off-market properties in Waite Park, MN. Commercial property asks $245/SF to buy and $15.75/SF/Yr to lease.
Market Trends
Waite Park, MN spans 8.9 square miles in Stearns County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Waite Park, 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 Waite Park, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Waite Park, 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 Waite Park, MN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Waite Park, MN has 7,715 residents in 3,460 households. Density runs 862 people per square mile. Median household income here is $57,387 and median gross rent $1,072 a month.
7,715
Population
3,460
Households
2.2
Avg Household Size
35
Median Age
19%
College-Educated
87%
High-School Grad
8.9 sq mi
ZIP Area
862
Density / Sq Mi
$57,387
Median Household Income
$36,511
Median Earnings
$1,072
Median Rent
$230,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Saint Joseph | — | — |
| Rockville | — | — |
| Saint Cloud | — | $14.21 |
| Sauk Rapids | — | — |
Commercial property in Waite Park, MN asks $245/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Waite Park?
Commercial property in Waite Park, MN asks an average of $245 per square foot.
How much does it cost to lease commercial space in Waite Park?
Asking lease rates in Waite Park, MN average $15.75 per square foot per year.
Where does Realmo's Waite Park market data come from?
Realmo compiles Waite Park, MN figures from 4 recent recorded sales, 18 active sale listings, 17 active lease listings, 478 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 18 active for-sale and 17 active for-lease listings in Waite Park, 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
