Commercial Real Estate Market in Washburn, ND
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 176 off-market properties in Washburn, ND.
Market Trends
Washburn, ND spans 196.1 square miles in McLean County, North Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Washburn, 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 Washburn, ND runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Washburn, 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 Washburn, 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 45.9%
- Agricultural 34.3%
- Commercial 14%
- Industrial 5.8%
Largest Zones share of zoned land by district
Residential
Agriculture
Commercial
Industrial
Manufactured Homes Park
Agriculture (AG)
The purpose of this district is to provide for preservation and protection of agricultural uses while in existence, in the city and its extra territorial planning area.
Market overview
Demographics & Economy
Washburn, ND has 1,840 residents in 961 households. Density runs 9 people per square mile. Median household income here is $77,778 and median gross rent $804 a month.
1,840
Population
961
Households
1.9
Avg Household Size
44
Median Age
25%
College-Educated
95%
High-School Grad
196.1 sq mi
ZIP Area
9
Density / Sq Mi
$77,778
Median Household Income
$59,911
Median Earnings
$804
Median Rent
$248,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Schefield | — | — |
| Hensler | — | — |
| Falkirk | — | — |
| Fort Clark | — | — |
Commercial property in Washburn, ND asks $95/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Washburn?
Commercial property in Washburn, ND asks an average of $95 per square foot.
Where does Realmo's Washburn market data come from?
Realmo compiles Washburn, ND figures from 2 active sale listings, 176 tracked off-market properties, the current Washburn 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 Washburn, 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: 1,242 zoned acres across 8 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
