Commercial Real Estate Market in Willmar, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
57 active listings and 941 off-market properties in Willmar, MN. Commercial property asks $69/SF to buy and $22.50/SF/Yr to lease.
Market Trends
Willmar, MN spans 118.1 square miles in Kandiyohi County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Willmar, 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 Willmar, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Willmar, 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 Willmar, 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
- Civic 31.3%
- Residential 29.9%
- Commercial 20.7%
- Open space 11.6%
- Agricultural 5.3%
Largest Zones share of zoned land by district
Government And Institution District
One And Two Family Residential
General Business
Agricultural
General Industry
Government And Institution District (G)
The purpose of this district is for signs, parking, buildings temporarily located for construction purposes, decorative landscape features and fences, satellite dishes or antennae as an accessory structure
Market overview
Demographics & Economy
Willmar, MN has 24,575 residents in 10,441 households. Density runs 208 people per square mile. Median household income here is $68,054 and median gross rent $832 a month.
24,575
Population
10,441
Households
2.4
Avg Household Size
36
Median Age
26%
College-Educated
87%
High-School Grad
118.1 sq mi
ZIP Area
208
Density / Sq Mi
$68,054
Median Household Income
$35,589
Median Earnings
$832
Median Rent
$199,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Kandiyohi | — | — |
| Pennock | — | — |
| Svea | — | — |
| Spicer | — | — |
Commercial property in Willmar, MN asks $69/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Willmar?
Commercial property in Willmar, MN asks an average of $69 per square foot.
How much does it cost to lease commercial space in Willmar?
Asking lease rates in Willmar, MN average $22.50 per square foot per year.
Where does Realmo's Willmar market data come from?
Realmo compiles Willmar, MN figures from 5 recent recorded sales, 40 active sale listings, 17 active lease listings, 941 tracked off-market properties, the current Willmar zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 40 active for-sale and 17 active for-lease listings in Willmar, 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: 7,727 zoned acres across 16 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
