What are the different types of commercial real estate?

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate . However, there are three main categories that you are most likely to come across: office, retail, and industrial space . Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Hugo commercial real estate market incorporates 21,178 square feet of office space across 3 buildings. Office buildings can also accommodate coworking spaces , which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Hugo commercial real estate market includes 70,000 square feet of retail space in a variety of settings. Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Hugo market, there is a total of 740,406 square feet of industrial property.

What types of commercial real estate are available in Hugo, MN?

The largest share of commercial real estate space for lease in Hugo is represented by Industrial space , which accounts for 31,548 square feet of available listings. Office space available in Hugo adds up to 8,802 square feet.

What factors affect the price of commercial real estate in Hugo, MN?

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

What are the best areas for commercial real estate in Hugo, MN?

The best choice of location for commercial space depends on the factors that are most relevant to your business. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type. As such, there are several areas that you could consider to be the best location for commercial real estate in Hugo, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Hugo is in the Creekview Preserve neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Heritage Ponds - Frenchman Place area . Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Creekview Preserve . Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

How do I find a good commercial real estate broker?

Whether or not leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker . In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market , the property type you need representation for, and will handle negotiations on your behalf in your best interest. To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker . Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests. CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

What is the most profitable commercial real estate?

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $14 per square foot.

What is the average size of a commercial property in Hugo, MN?

The average size of a commercial property in Hugo depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use: In Hugo, the average size of an office property is 10,589 square feet. Retail properties here incorporate an average of 70,000 square feet. Industrial space in Hugo is in buildings that are, on average 123,401 square feet in size.

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10 Commercial Real Estate Listings in Hugo, MN

CRE Market Stats

Hugo Land

12101 Forest Blvd N, Bald Eagle Estates, Hugo, MN
For Sale

$876,000
Property

Land
View Details (opens in new window)
2360 County Road J East

2360 County Road J East, Shadyside, White Bear Township, MN
For Sale

Negotiable
Property

Office

12,376 SF
View Details (opens in new window)
16028 & 16030 Forest Blvd North

16028 Forest Blvd North, Creekview Preserve, Hugo, MN
For Lease

$6.00 - $12.00/SF/YR
Property

Industrial

25,910 SF
Availability

4 Spaces

27,948 SF
Year Built

2003
View Details (opens in new window)
Victor Gardens Medical Center

14688 Everton Avenue North, Heritage Ponds - Frenchman Place, Hugo, MN
For Lease

$21.00/SF/YR
Property

Office

8,802 SF
Availability

2 Spaces

8,802 SF
View Details (opens in new window)
15587 Forest Blvd N

15587 Forest Blvd N, Oneka Ponds, Hugo, MN
For Lease

$7.00 - $14.00/SF/YR
Property

Industrial

17,700 SF
Availability

1 Space

3,600 SF
View Details (opens in new window)
16028 Forest Blvd N

16028 Forest Blvd N, Creekview Preserve, Hugo, MN
For Lease

Contact for pricing
Property

VacantLand

19 Acre
Availability

1 Space

19 Acre
View Details (opens in new window)
Off Market
13285 Fenway Blvd North

13285 Fenway Blvd North, Bald Eagle Industrial Park, Hugo, MN
Property

Industrial

93,800 SF
Year Built

2002
Off Market
Schwieters Construction Park

13925 Fenway Blvd North, Bald Eagle Industrial Park, Hugo, MN
Property

Industrial

172,996 SF
Year Built

1999
Off Market
12912 Farnham Avenue North

12912 Farnham Avenue North, Bald Eagle Industrial Park, White Bear Lake, MN
Property

Industrial

350,000 SF
Year Built

1968
Off Market
13615 Fenway Boulevard Court North

13615 Fenway Boulevard Court North, Bald Eagle Industrial Park, Hugo, MN
Property

Industrial

80,000 SF
Year Built

1999
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.
- Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Hugo commercial real estate market incorporates 21,178 square feet of office space across 3 buildings.
  
  Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
- Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Hugo commercial real estate market includes 70,000 square feet of retail space in a variety of settings.
- Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Hugo market, there is a total of 740,406 square feet of industrial property.
The largest share of commercial real estate space for lease in Hugo is represented by Industrial space, which accounts for 31,548 square feet of available listings. Office space available in Hugo adds up to 8,802 square feet.
The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.
The best choice of location for commercial space depends on the factors that are most relevant to your business. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Hugo, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Hugo is in the Creekview Preserve neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Heritage Ponds - Frenchman Place area. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Creekview Preserve.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.
Whether or not leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!
The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $14 per square foot.
The average size of a commercial property in Hugo depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:
- In Hugo, the average size of an office property is 10,589 square feet.
- Retail properties here incorporate an average of 70,000 square feet.
- Industrial space in Hugo is in buildings that are, on average 123,401 square feet in size.

Hugo, MN Commercial Real Estate Inventory Breakdown

In addition to preferred particularities of local culture, economy, and geography, businesses looking to expand or relocate also give great consideration to the size, variety, and quality of the commercial real estate in and around their city of interest.

Total Industrial Space in Hugo: 1,106,893 Sq. Ft.

Hugo is home to an industrial real estate market that encompasses 1,106,893 square feet of space across 2 industrial properties of various use types, sizes, and quality ratings.

Hugo Industrial Market Breakdown by Building Size
Building Size Range	Total Square Feet	Share of Total Industrial
50k to 100k Sq. Ft.	303,317 Sq. Ft.	27.4%
100k to 500k Sq. Ft.	522,996 Sq. Ft.	47.25%

Hugo Industrial Market Breakdown by Building Quality Rating
Class	Total Square Feet	Share of Total Industrial
Class B	1,050,263 Sq. Ft.	94.88%
Class C	56,630 Sq. Ft.	5.12%

Data was provided by CommercialEdge, refers to industrial use properties larger than 50,000 square feet.

Total Retail Space in Hugo: 70,000 Sq. Ft.

The Hugo commercial real estate market includes 0 properties that are dedicated to retail use. The various types of retail space here account for 70,000 square feet of commercial property in Hugo.

Hugo Retail Market Breakdown by Building Size
Building Size Range	Total Square Feet	Share of Total Retail
50k to 100k Sq. Ft.	70,000 Sq. Ft.	100%

Data was provided by CommercialEdge and refers to retail properties larger than 50,000 square feet.

Hugo, MN Currently Available Listings

Commercial real estate listings for rent in Hugo currently add up to 908,340 square feet. There are 3 active office listings, which amount to 8,802 square feet and account for 27% of commercial spaces on the market. Industrial space for rent opportunities in Hugo amount to 31,548 square feet across a total of 2 listings.

Hugo Commercial Space for Lease Breakdown
City	Property Type	Count of Listings	Total SF
Hugo, MN	Office	3	8,802
Hugo, MN	Industrial	2	31,548
Hugo, MN	Other	6	867,990

Office

Industrial

About us

CommercialCafe is your go-to commercial real estate listing source. We partner with highly respected major brokerages from across the country to ensure high-quality listings that are updated frequently. Our online marketplace lists all commercial property types from office, coworking, retail, and industrial to special purpose properties.

CommercialCafe is a trusted Yardi brand and is an integral part of the CommercialEdge network — the fastest-growing network of online real estate marketplaces, which ranks on the 1st page of Google for all top markets, attracts more than 2 million monthly visits, and generates more than 350,000 broker contacts.

10 Commercial Real Estate Listings in Hugo, MN

Hugo Land

2360 County Road J East

16028 & 16030 Forest Blvd North

Victor Gardens Medical Center

15587 Forest Blvd N

16028 Forest Blvd N

13285 Fenway Blvd North

Schwieters Construction Park

12912 Farnham Avenue North

13615 Fenway Boulevard Court North

Frequently Asked Questions

Hugo, MN Commercial Real Estate Inventory Breakdown

Total Industrial Space in Hugo: 1,106,893 Sq. Ft.

Total Retail Space in Hugo: 70,000 Sq. Ft.

Hugo, MN Currently Available Listings

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