Elk River, MN
Commercial Real Estate Market Trends & Data

$235 Avg asking sale price
$17 Avg asking lease rate
54,558 SF Avg unit lease size
8,408 SF Avg building size for sale
8.57% Average cap rate

Elk River's Demographic Profile

Elk River has 9,771 households and a median income of $89,850, providing context for rent absorption and tenant demand across retail and multifamily assets. A +9% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 27,699
# Households 9,771
Median age 38
Median household income $89,850
Avg household size 3.0
Renter-occupied housing units 2,090
5-year population change +9%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Elk River, MN

↻ Updated Monthly

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Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Elk River $209 7,965 SF 15.20%
Otsego $223 4,236 SF 6.31%
Zimmerman $379 3,800 SF 15.20%
Nearby Retail Markets Avg Cost/SF Typical Size
Elk River $559 8,402 SF
Otsego $559 8,402 SF
Albertville $640 11,204 SF
Anoka $200 4,000 SF
Saint Michael $374 7,144 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Saint Francis $200 16,192 SF 7.05%
Oak Grove $142 16,192 SF 7.05%

Commercial Properties For Sale in Elk River

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Flexspace Commercial Condos of Otsego

Otsego, MN 55301

  • 79,200 SF Industrial Building
  • $333,900
For Sale

Advance Auto Parts

Elk River, MN 55330

  • 6,695 SF Retail Building
  • 5.75% Cap Rate
  • $1,910,100
For Sale

16585 197th Ave NW

Big Lake, MN 55309

  • 1.65 AC Lot
  • 1 Commercial Lot
  • $255,000
For Sale

KINDERCARE LEARNING CENTER | RARE 18 YEAR NNN

Albertville, MN 55301

  • 10,108 SF Retail Building
  • 7.00% Cap Rate
  • $8,423,571
For Sale

10120-10160 72nd St

Otsego, MN 55301

  • 7,200 SF Industrial Building
  • $283,900
For Sale

19178 Industrial Blvd NW

Elk River, MN 55330

  • 63,934 SF Industrial Building
  • $3,950,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Elk River pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Elk River $235 8,408 SF
Otsego $257 4,830 SF
Albertville $305 4,131 SF
Anoka $166 7,350 SF

Regional Demographic Comparison

This comparison places Elk River alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Elk River or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Elk River 27,699 9,771 38 $89,850 3 2,090 9%
Otsego 24,414 8,315 37 $117,912 3 796 13%
Albertville 8,421 2,830 36 $105,231 3 551 10%
Anoka 18,310 7,787 40 $66,932 2 3,553 3%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Elk River, MN and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Elk River

View All Commercial Real Estate For Sale in Elk River
Is Elk River a good market for a first-time commercial real estate investor?

Elk River offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Elk River?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Elk River. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Elk River?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Elk River. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Elk River compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Elk River. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Elk River acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Elk River, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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