Blaine, MN Commercial Property for Sale (4 Real Estate Listings)
Blaine, MN Real Estate Statistics
Property Types (active listings)
As of October 3, 2023 there are 4 active Blaine, MN commercial real estate listings for sale with an average listing price of $1,518,725. The highest-priced commercial property listing is $2,500,000, while the lowest priced commercial property can be purchased for $849,900. Blaine, MN Commercial properties for sale have an average price of $295 per square foot, based on commercial listings with an average of bedrooms, bathrooms, and 8,675 square feet of living space.
Blaie, MN Commercial Real Estate & Properties
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Ready to get started? Contact us today, and let's begin your search for the perfect commercial real estate in Blaine, Minnesota.
Blaine, Minnesota's History
Blaine, Minnesota, was first settled by members of the Anoka Town Company in 1854. The original settlement was called Villas City but was abandoned by 1887. The city became part of the Anoka until 1877 when Blaine Township annexed it. The town was officially incorporated on January 29, 1954. Blaine is best known for being the site of the world's largest mall, the Mall of America. The mall attracts over 40 million visitors annually and has over 520 stores and attractions. Blaine is also home to the National Sports Center, which hosts various sporting events and is the largest amateur sports complex in the world. Thanks to its convenient location and amenities, Blaine is a thriving community with something to offer everyone.
Blaine, Minnesota's Demographics
Blaine is a city located in Anoka County, Minnesota. As of 2019, the estimated population was 65,324. The city's racial makeup was 76.8% White, 10.9% African American, 5.1% Asian, 2.0% Native American or Alaska Native, and 4.2% from two or more races. Hispanic or Latino people of any race made up 9.7% of the population. The majority of residents (96.5%) are U.S. citizens. As of 2020, 11.9% of Blaine's population was born outside the country (7.77k people). The top countries of origin for immigrants are Mexico (37%), Somalia (16%), and India (11%). Blaine is a growing city with a diverse population that is projected to continue to increase in the coming years.
Blaine, Minnesota's Geographic Makeup
Blaine is a city with a 2020 population of 72,830; it is the 9th largest city in Minnesota and the 547th largest city in the United States. Blaine is growing at a rate of 1.82% annually, and its population has increased by 3.71% since the most recent census, which recorded a population of 70,222 in 2020.
Spanning over 34 miles, Blaine has a population density of 2,213 people per square mile. The median age in Blaine is 34 years, 32.3 years for males, and 35.9 years for females. For every 100 females, there are 97 males. 31% of the population and 24% of families live below the poverty line, including 39% of those under age 18 and 12% of those aged 65 or over.
Blaine, Minnesota‘s Economy
According to the most recent data from the US Census Bureau, the median household income in Blaine, Minnesota, is $86,796. That puts it squarely in the middle of the pack compared to other places in the state. However, a closer look at the data reveals some interesting patterns. For instance, the area with the highest median household income in Blaine is Census Tract 508.19, where the median income is $136,250. That's followed by Census Tract 508.21 and Census Tract 508.20, where the respective median incomes are $112,888 and $107,368. So what explains this variation? One possible explanation is that these areas are home to a higher concentration of high-earning households. Another possibility is that they have lower rates of poverty and unemployment. Regardless of the reason, it's clear that there's a wide range of incomes in Blaine, Minnesota.
Blaine, Minnesota's Employment
Blaine, Minnesota's economy employs 34.4k people in a variety of industries. The largest industries are Manufacturing (5,910 people), Retail Trade (4,463 people), and Health Care & Social Assistance (4,324 people). The highest-paying industries in Blaine are Utilities ($72,188), Professional, Scientific, & Technical Services ($70,201), and Public Administration ($66,563). These industries provide a vital service to the community and offer good employment opportunities for residents. By diversifying the economy, Blaine can provide its residents with stable employment and a good quality of life.
Why Commercial Real Estate In Blaine, Minnesota?
Now that we've looked at some background information on Blaine, Minnesota, let's talk about why commercial real estate in this city is such a good investment. Here are a few reasons:
1. The population is growing and is projected to continue to grow in the coming years. This growth creates a need for more housing, which means increased demand for commercial real estate.
2. Blaine is a diverse city with a large immigrant population. This diversity creates opportunities for businesses that cater to specific groups of people.
3. The economy is stable and provides residents with good employment opportunities. This stability attracts businesses and entrepreneurs to the city, which drives up the demand for commercial real estate.
4. Blaine is located in a prime location for businesses. It is close to Minneapolis, Saint Paul, and other regional cities. This proximity makes it an ideal place to open a business or expand an existing one.
These are just a few reasons why commercial real estate in Blaine, Minnesota, is such a good investment. If you're considering investing in this growing city, now is the time. Contact one of our local real estate agents to learn more about the available properties, and start your search today.