Otsego, MN
Commercial Real Estate Market Trends & Data

$257 Avg asking sale price
$18 Avg asking lease rate
85,803 SF Avg unit lease size
4,830 SF Avg building size for sale
6.35% Average cap rate

Otsego's Demographic Profile

Otsego has 8,315 households and a median income of $117,912, providing context for rent absorption and tenant demand across retail and multifamily assets. A +13% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 24,414
# Households 8,315
Median age 37
Median household income $117,912
Avg household size 3.0
Renter-occupied housing units 796
5-year population change +13%

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

↻ Updated Monthly

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Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Otsego $223 4,236 SF 6.31%
Elk River $209 7,965 SF 15.20%
Nearby Retail Markets Avg Cost/SF Typical Size
Otsego $559 8,402 SF
Albertville $640 11,204 SF
Elk River $559 8,402 SF
Saint Michael $374 7,144 SF
Rogers $532 7,551 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Oak Grove $200 16,192 SF 7.05%
Saint Francis $200 16,192 SF 7.05%

Commercial Properties For Sale in Otsego

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

5640 Mackenzie Ave

Albertville, MN 55301

  • 8,000 SF Industrial Building
  • $1,595,000
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

The Hide Out

Saint Michael, MN 55376

  • 29,364 SF Specialty
  • $285,000 - $525,000

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 Otsego pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Otsego $257 4,830 SF
Albertville $305 4,131 SF
Elk River $235 8,408 SF
Saint Michael $258 42,070 SF
Rogers $366 34,489 SF

Regional Demographic Comparison

This comparison places Otsego 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 Otsego or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Otsego 24,414 8,315 37 $117,912 3 796 13%
Albertville 8,421 2,830 36 $105,231 3 551 10%
Elk River 27,699 9,771 38 $89,850 3 2,090 9%
Saint Michael 21,227 6,923 37 $126,650 3 741 12%

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

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

Otsego 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 Otsego?

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

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

How does Otsego compare to nearby commercial real estate markets?

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

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