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122 Commercial Real Estate Listings in Lakeville, MN

Lakeville, MN Commercial Real Estate

There are currently 124 commercial listings available in Lakeville, MN. These listings include 36 commercial spaces that encompass a total of 614,621 square feet. Available commercial spaces in Lakeville, MN range in size from 4 square feet to 260,000 square feet. A total of 94 off-market commercial properties located in Lakeville, MN are also available for research.

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Lakeville, MN Commercial Inventory Breakdown

In 2022 the Lakeville, MN commercial real estate market totaled 137,985 square feet of office spaces, 1,588,667 square feet of office spaces with retail, and 7,349,432 square feet of industrial space.

Office Spaces

Total: 137,985 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 137,985 SqFt 100% of total office
By class:
Class B 137,985 SqFt 100% of total office

Industrial

Total: 7,349,432 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 1,327,528 SqFt 18.06% of total industrial
100k to 500k SqFt 5,271,904 SqFt 71.73% of total industrial
500k to 1M SqFt 750,000 SqFt 10.2% of total industrial
By class:
Class A 2,036,609 SqFt 27.71% of total industrial
Class B 4,686,423 SqFt 63.77% of total industrial
There are 5,271,904 square feet of commercial real estate properties between 100k to 500k square feet, representing 71.73% of the Lakeville, MN industrial inventory.

Office Spaces with Retail

Total: 1,588,667 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 482,494 SqFt 30.37% of total office with retail
100k to 500k SqFt 1,106,173 SqFt 69.63% of total office with retail

Lakeville, MN Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
Lakeville, MN Office 7 9,800
Lakeville, MN Retail 10 207,381
Lakeville, MN Industrial 5 397,440
Lakeville, MN Other 30 614,621
Ofice Icon

7

Office

Industrial Icon

5

Industrial

Retail Icon

10

Retail

Current local active listing encompass 1,229,241 square feet of commercial space for lease in Lakeville. There are 7 active office listings, which amount to 9,800 square feet and account for 13% of commercial spaces on the market. Local retail availability includes 207,381 square feet across 10 listings. Current industrial offerings on the market amount to 397,440 square feet across a total of 5.

Employment in Lakeville, MN

Employed Population 37,459

Employed population - Industry % Distribution

Management, business, science, and arts occupations

45%

Sales and office occupations

26%

Service occupations

14%

Production, transportation, and material moving occupations

10%

Natural resources, construction, and maintenance occupations

5%

In 2020, roughly 45% of a total of 37,459 employed in Lakeville worked in Management, business, science, and arts occupations, followed by 26% in Sales and office occupations and 14% in Service occupations.

Income per capita $47,364  Median household income $117,083

Household income

17%

Under $50k

21%

$50k - $100k

44%

$100k - $200k

17%

Over $200k

The median household income in Lakeville stands at $117,083, with per capita income at $47,364. Households earning between $50k and $100k represent 21% of the total, while those earning over $200k make up 17%. Approximately 17% of Lakeville households earn less than $50k per year.

Commuting in Lakeville, MN

Mean travel time to work 27 minutes

Means of transportation to work

80.40%

Driving alone

6.40%

Carpool

4.80%

Public transit

0.00%

Bicycle

0.70%

Walking

1.30%

Other

6.40%

Work at Home

*Universe: Workers 16 and over

Education in Lakeville, MN

High school grad or higher 98%

Bachelor's degree or higher 51%

Population by minimum level of education

2%

No degree

15%

High school

32%

Some College

37%

Bachelor's

15%

Post-grad

*Universe: Workers 25 and over

An estimated 98% of Lakeville residents aged 25 or over hold a high school degree or higher. Of those, 15% are high school graduates, 32% attended some college, 37% earned a bachelor's degree, with an additional 15% holding post-graduate degrees.

Lakeville, MN Demographics

As of 2020, Lakeville had a total population of 67,326, with a median age of 36.50 years. Roughly 67.30% of the total population was between the ages of 16 and 64 years old.