For Sale
Waite Park, MN
Commercial Real Estate Market Trends & Data
$231
Avg asking sale price
$13
Avg asking lease rate
94,537 SF
Avg unit lease size
110,996 SF
Avg building size for sale
7.37%
Average cap rate
Waite Park's Demographic Profile
Waite Park has 3,697 households and a median income of $48,034, providing context for rent absorption and tenant demand across retail and multifamily assets. A +4% five-year population trend is a key signal for evaluating long-term demand in this market.
| Key Demographic Metric | Value |
|---|---|
| Population | 8,742 |
| # Households | 3,697 |
| Median age | 35 |
| Median household income | $48,034 |
| Avg household size | 2.0 |
| Renter-occupied housing units | 1,976 |
| 5-year population change | +4% |
{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Waite Park, MN
↻ Updated Monthly{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Waite Park | $145 | 8,805 SF | 9.00% |
| Saint Cloud | $138 | 35,636 SF | 9.00% |
| Saint Augusta | $146 | 77,434 SF | 6.83% |
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Waite Park | $143 | 420,205 SF | 8.95% |
| Saint Cloud | $96 | 132,934 SF | 8.95% |
| Rockville | $115 | 20,340 SF | 7.12% |
| Saint Augusta | $115 | 20,340 SF | 7.12% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Waite Park | $632 | 6,596 SF |
| Saint Cloud | $314 | 5,529 SF |
| Saint Joseph | $169 | 2,937 SF |
| Sauk Rapids | $149 | 3,541 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 Waite Park
The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale
For Sale
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
Nearby Commercial Markets
Comparing nearby markets helps investors see whether Waite Park pricing and building scale sit above, below, or in line with surrounding areas.
| Commercial Markets | Avg Cost/SF | Average Size |
|---|---|---|
| Waite Park | $231 | 110,996 SF |
| Saint Cloud | $174 | 55,507 SF |
| Rockville | $220 | 11,714 SF |
| Saint Augusta | $109 | 48,887 SF |
| Saint Joseph | $185 | 7,412 SF |
Regional Demographic Comparison
This comparison places Waite Park 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 Waite Park or distributed across surrounding areas.
| City | Population | # Households | Age | Median Household Income | Avg Household Size | Renter Occupied Housing Units | Five Yr Pop Growth % |
|---|---|---|---|---|---|---|---|
| Waite Park | 8,742 | 3,697 | 35 | $48,034 | 2 | 1,976 | 4% |
| Saint Cloud | 73,499 | 28,950 | 33 | $54,907 | 2 | 14,101 | 4% |
| Rockville | 2,047 | 784 | 44 | $100,156 | 3 | 63 | 1% |
| Saint Augusta | 4,014 | 1,514 | 39 | $93,805 | 3 | 300 | 5% |
| Saint Joseph | 7,276 | 2,297 | 28 | $68,849 | 2 | 595 | 3% |
Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Waite Park, 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 Waite Park
View All Commercial Real Estate For Sale in Waite Park
Is Waite Park a good market for a first-time commercial real estate investor?
Waite Park 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 Waite Park?
The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Waite Park. 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 Waite Park?
Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Waite Park. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.
How does Waite Park compare to nearby commercial real estate markets?
Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Waite Park. 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 Waite Park acquisitions?
This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Waite Park, 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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