Commercial Real Estate Market in Alexander, ND
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
7 active listings and 327 off-market properties in Alexander, ND. Commercial property asks $155/SF to buy and $11.50/SF/Yr to lease.
Market Trends
Alexander, ND spans 416.0 square miles in McKenzie County, North Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Alexander, ND runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Alexander, ND runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Alexander, ND 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 Alexander, ND 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 68.4%
- Commercial 25.1%
- Civic 2.6%
Largest Zones share of zoned land by district
Single Family Residential District
General Commercial District
Two Family Residential District
Mobile Home District
No Zoning
Alexander, ND zones 801 acres across 7 districts. Commercial zoning covers 25.1% of zoned land, residential 68.4%. The largest single district is Single Family Residential District at 45.8%. For commercial buyers the practical constraint is that only 25.1% of land carries a commercial or industrial designation.
General Commercial District (C2)
C-2 General Commercial District 6.1301 Intent and Purpose of District -office uses. This district is also intended to provide locations for commercial activity that do not require a central location downtown. Also included are business uses needing large floor areas, particularly those of a service nature and certain industrial uses that do not create obnoxi…
Market overview
Demographics & Economy
Alexander, ND has 1,122 residents in 532 households. Density runs 3 people per square mile. Median household income here is $133,750 and median gross rent $1,396 a month.
1,122
Population
532
Households
2.1
Avg Household Size
35
Median Age
14%
College-Educated
92%
High-School Grad
416 sq mi
ZIP Area
3
Density / Sq Mi
$133,750
Median Household Income
$48,636
Median Earnings
$1,396
Median Rent
$384,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Rawson | — | — |
| Charbonneau | — | — |
| Arnegard | — | — |
| Cartwright | — | — |
Commercial property in Alexander, ND asks $155/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Alexander?
Commercial property in Alexander, ND asks an average of $155 per square foot.
How much does it cost to lease commercial space in Alexander?
Asking lease rates in Alexander, ND average $11.50 per square foot per year.
What zoning applies to commercial property in Alexander?
Alexander, ND zones 801 acres across 7 districts, of which 25.1% is commercial and 0% industrial. The largest single district is Single Family Residential District at 45.8% of zoned land. Residential zoning covers 68.4% and open space 0%.
Where does Realmo's Alexander market data come from?
Realmo compiles Alexander, ND figures from 6 active sale listings, 1 active lease listings, 327 tracked off-market properties, the current Alexander zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 1 active for-lease listings in Alexander, ND. 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: 801 zoned acres across 7 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
