Commercial Real Estate Market in Baltic, SD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 86 off-market properties in Baltic, SD.
Market Trends
Baltic, SD spans 51.0 square miles in Minnehaha County, South Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Baltic, SD runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Baltic, SD runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Baltic, SD 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 Baltic, SD 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
- Agricultural 58.4%
- Residential 32.1%
- Industrial 4.6%
- Commercial 3.3%
Largest Zones share of zoned land by district
Natural Resource Conservation District
Residential District
Light Industrial District
Business District
No Zoning
Natural Resource Conservation District (NRC)
NRC: NATURAL RESOURCE CONSERVATION DISTRICT The purpose of this district is to preserve lands best suited for natural drainage areas, public open space, and agricultural uses from encroachment by incompatible uses. The area will also provide protection from floods and erosion, to protect views, to preserve natural settings for wildlife habitats, to add to th…
Market overview
Demographics & Economy
Baltic, SD has 2,109 residents in 772 households. Density runs 41 people per square mile. Median household income here is $108,875 and median gross rent $1,134 a month.
2,109
Population
772
Households
2.7
Avg Household Size
37
Median Age
25%
College-Educated
97%
High-School Grad
51 sq mi
ZIP Area
41
Density / Sq Mi
$108,875
Median Household Income
$52,917
Median Earnings
$1,134
Median Rent
$261,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Dell Rapids | — | — |
| Lyons | — | — |
| Renner | — | — |
| Garretson | — | — |
Commercial property in Baltic, SD asks $157/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Baltic?
Commercial property in Baltic, SD asks an average of $157 per square foot.
Where does Realmo's Baltic market data come from?
Realmo compiles Baltic, SD figures from 2 active sale listings, 86 tracked off-market properties, the current Baltic 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 Baltic, SD. 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: 531 zoned acres across 9 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
