Minneapolis, MN
Commercial Real Estate Market Trends & Data

$201 Avg asking sale price
$23 Avg asking lease rate
61,130 SF Avg unit lease size
28,013 SF Avg building size for sale
7.44% Average cap rate

Minneapolis's Demographic Profile

Minneapolis has 183,808 households and a median income of $71,217, providing context for rent absorption and tenant demand across retail and multifamily assets. A -2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 418,749
# Households 183,808
Median age 35
Median household income $71,217
Avg household size 2.0
Renter-occupied housing units 105,572
5-year population change -2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Minneapolis, MN

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Minneapolis $182 19,221 SF 9.84%
Golden Valley $144 24,926 SF 9.84%
Robbinsdale $204 2,700 SF 9.84%
Crystal $318 17,520 SF 9.84%
New Hope $269 17,714 SF 9.56%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Minneapolis $136 62,221 SF 6.25%
Golden Valley $109 31,924 SF 8.36%
Crystal $121 27,868 SF 8.36%
Nearby Retail Markets Avg Cost/SF Typical Size
Minneapolis $288 14,817 SF
Golden Valley $418 5,849 SF
Robbinsdale $418 2,774 SF
Crystal $181 15,702 SF
New Hope $152 21,564 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Minneapolis $177 17,712 SF 11.35%
Saint Louis Park $539 13,740 SF 5.30%

Commercial Properties For Sale in Minneapolis

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

7th & Nic

Minneapolis, MN 55402

  • 299,960 SF Office Building
  • $2,250,000
For Sale

1335 Industrial Blvd

Minneapolis, MN 55413

  • 12,858 SF Office Building
  • $2,550,000
For Sale

4220 4th St NE

Columbia Heights, MN 55421

  • 5,696 SF Multifamily
  • $615,000
For Sale

801 Washington Ave N

Minneapolis, MN 55401

  • 115,000 SF Multifamily
  • $524,900
For Sale

Operated As Psycho Suzi's

Minneapolis, MN 55418

  • 15,000 SF Retail Building
  • $4,000,000
For Sale

3322 Blaisdell Ave

Minneapolis, MN 55408

  • 7,756 SF Multifamily
  • 6.25% Cap Rate
  • $1,499,900

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

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Where Multifamily Asking Prices Are Rising and Falling in 2026
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Online Auctions vs. Traditional Sales
Learn how you can strategically use the two transaction methods to achieve stronger outcomes, whether that's a faster deal, maximized sales price, or a low risk of fallouts.
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What Are Leasehold Improvements?
A complete guide to leasehold improvements, including what qualifies, who owns them, how they affect taxes, and how to maximize their value.
Straight-Line Depreciation in Commercial Real Estate
Straight-Line Depreciation in Commercial Real Estate
Understand how straight-line depreciation works, when to use it, and how it affects your after-tax returns across every stage of ownership.
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Small vs. Large Multifamily Real Estate Investing
Compare financing, cash flow, risk, and exit options so you can choose the right property size for your goals.
How to Buy a Duplex
How to Buy a Duplex
Breaking down every stage of buying a duplex, from budgeting and financing to agent selection and market analysis, ensuring you make an informed investment decision.
Spec Suites: A Powerful Tool in the Battle To Fill Office Space
Spec Suites: A Powerful Tool in the Battle To Fill Office Space
New Space, Quick Occupancy, No Construction
Force Majeure Clause
Force Majeure Clause
Understand how force majeure clauses work in commercial real estate leases, including what they cover, when they apply, and how to draft them to manage risk.

Nearby Commercial Markets

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

Commercial Markets Avg Cost/SF Average Size
Minneapolis $201 28,013 SF
Golden Valley $200 22,051 SF
Robbinsdale $276 6,108 SF
Crystal $238 16,745 SF
New Hope $211 17,651 SF

Multifamily Properties For Sale in Minneapolis

For Sale

Mount Royal Apartments

Minneapolis, MN 55408

  • 10,356 SF Multifamily
  • $1,450,000
For Sale

Trader Joe's

Saint Louis Park, MN 55416

  • 108,600 SF Multifamily
  • 5.30% Cap Rate
  • $7,400,000
For Sale

Bowler Lofts

Minneapolis, MN 55403

  • 39,270 SF Multifamily
  • 7.55% Cap Rate
  • $9,750,000
For Sale

Park & Franklin Lofts

Minneapolis, MN 55404

  • 34,892 SF Multifamily
  • $7,250,000
For Sale

2719 Park Ave

Minneapolis, MN 55407

  • 17,460 SF Multifamily
  • Price Upon Request
For Sale

Overland Apartments

Minneapolis, MN 55406

  • 58,040 SF Multifamily
  • Price Upon Request
For Sale

FIT Apartments

Minneapolis, MN 55404

  • 105,183 SF Multifamily
  • Price Upon Request
For Sale

The Redwell

Minneapolis, MN 55401

  • 121,962 SF Multifamily
  • Price Upon Request

Regional Demographic Comparison

This comparison places Minneapolis 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 Minneapolis or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Minneapolis 418,749 183,808 35 $71,217 2 105,572 -2%
Golden Valley 21,900 9,688 43 $105,380 2 3,124 -2%
Robbinsdale 13,877 5,971 41 $71,368 2 2,033 -2%
Crystal 21,952 8,866 40 $78,686 2 2,427 -3%
New Hope 21,208 8,594 40 $67,019 2 3,998 -2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Minneapolis, 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 Minneapolis

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

Minneapolis 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 Minneapolis?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Minneapolis. 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 Minneapolis?

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

How does Minneapolis compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Minneapolis. 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 Minneapolis acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Minneapolis, 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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