Commercial Real Estate Market in Lakota, ND
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 159 off-market properties in Lakota, ND.
Market Trends
Lakota, ND spans 207.7 square miles in Nelson County, North Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lakota, 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 Lakota, ND runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Lakota, 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 Lakota, 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 39.5%
- Agricultural 22.9%
- Commercial 18.4%
- Industrial 11.4%
- Civic 7.8%
Largest Zones share of zoned land by district
Residential
Agricultural
Commercial
Industrial
Public
Agricultural (A)
A - Agricultural District A. Uses Permitted by Right 1. All uses permitted by right in the P-Public District. 2. Cultivation of farm lands. 3. Feed lots provided they meet the following requirements: a. No unusual amount of odor or noise shall be disseminated beyond the boundaries of the premises on which the use is located. b. Storage of manure shall not be…
Market overview
Demographics & Economy
Lakota, ND has 895 residents in 490 households. Density runs 4 people per square mile. Median household income here is $64,141 and median gross rent $616 a month.
895
Population
490
Households
1.8
Avg Household Size
51
Median Age
20%
College-Educated
93%
High-School Grad
207.7 sq mi
ZIP Area
4
Density / Sq Mi
$64,141
Median Household Income
$47,031
Median Earnings
$616
Median Rent
$126,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bartlett | — | — |
| Mapes | — | — |
| Doyon | — | — |
| Southam | — | — |
Commercial property in Lakota, ND asks $3/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lakota?
Commercial property in Lakota, ND asks an average of $3 per square foot.
Where does Realmo's Lakota market data come from?
Realmo compiles Lakota, ND figures from 2 active sale listings, 159 tracked off-market properties, the current Lakota zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Lakota, 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: 652 zoned acres across 6 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
