Savage, MN Commercial Property for Sale (5 Real Estate Listings)
Savage, MN Real Estate Statistics
| Average Price | $487K |
|---|---|
| Lowest Price | $20 |
| Highest Price | $3.9M |
| Total Listings | 106 |
| Avg. Price/SQFT | $215 |
Property Types (active listings)
As of January 21, 2025 there are 5 active Savage, MN commercial real estate listings for sale with an average listing price of $1,120,004. The highest-priced commercial property listing is $3,850,000, while the lowest priced commercial property can be purchased for $20. Savage, MN Commercial properties for sale have an average price of $158 per square foot, based on commercial listings with an average of bedrooms, bathrooms, and 5,858 square feet of living space.
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Savage, MN Commercial Real Estate & Properties
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We know that finding the right commercial property can be a daunting task, but we're here to help. Our experienced agents will work with you to find the perfect property for your needs, and we'll ensure you get the best possible deal. Contact us today to learn more about our services, and let us help you find the perfect commercial real estate in Savage, Minnesota.
Savage, Minnesota's History
Savage, Minnesota's history is rich with culture and diversity. The Mdewakanton Dakota people first inhabited the land on which Savage now stands. The Dakota used the Minnesota River valley for its abundance of fish, game, and safe boating and camping opportunities. The Dakota settled at Chief Black Dog Camp near Black Dog Lake. They created paths that would eventually be followed by settlers moving from the river into Hamilton.
In 1852, traders established a small trading post between the Credit River and the Minnesota River. Shortly afterward, Hamilton Landing was built on the banks of Minnesota. This is where many Scottish and Irish settlers exited the steamboat they had boarded at Fort Snelling. These settlers then established a village named after the steamboat landing. Savage has grown into a thriving city while maintaining its small-town feel. It is a community that values its history and diversity and continues to welcome new residents with open arms.
Savage, Minnesota's Demographics
The city of Savage is located in Scott County, Minnesota. As of the 2020 census, its population was 33,575 - making it the 30th largest city in Minnesota and the 1357th largest city in the United States. The city spans 16 miles and has a population density of 2,153 people per square mile. Savage is currently growing at an annual rate of 1.68%. Since the last recorded census in 2020, its population has increased by 3.42%. The city is home to a diverse range of people, with a median age of 35 and a wide range of incomes.
The median household income in Savage is $79,091 - well above the national average of $61,937. The city also has a relatively low unemployment rate of just 2.9%. Overall, Savage is a thriving community that continues to grow and prosper. The town's racial makeup is 78.81% white, 8.37% Asian, 7.08% black or African American, 3.45% two or more races, 1.68% other races, and 0.61% Native American.
Savage, Minnesota's Geographic Makeup
Savage, Minnesota, is a suburban city located 15 miles south-southwest of downtown Minneapolis in Scott County. The town is situated on the south bank of the Minnesota River, and its northern boundary is the Minnesota River. The city's main routes are Minnesota State Highway 13 and County Road 42. Interstate 35W and U.S. Highway 169 are near the city. According to the United States Census Bureau, the city has a total area of 16.45 square miles; 15.63 square miles is land, and 0.82 square miles is water. The elevation is 722 ft above sea level.
Savage, Minnesota's Economy
Savage has a total area of 17.42 square miles and is classified as a suburb of Minneapolis. The economy in Savage is strong, with a median household income of $136,125 and a poverty rate of 5.73%. The median rental costs in recent years have come to $1,370 per month, and the median house value is $326,800. The median age in Savage is 35.8 years, 35.9 years for males, and 35.8 years for females. The city's proximity to Minneapolis offers residents a variety of job opportunities and access to excellent schools and medical facilities. In addition, the city's parks and trails provide residents with ample opportunity to enjoy the outdoors.
Savage, Minnesota's Employment
The economy of Savage, Minnesota, employs 18.2 thousand people across a variety of industries. The largest industries in Savage are Manufacturing, Health Care and Social Assistance, and Retail Trade. These three industries make up the majority of employment in the city. The highest-paying industries in Savage are Agriculture, Forestry, Fishing and Hunting, Mining, Quarrying, and Oil and Gas Extraction. These three industries offer an average annual salary higher than the citywide average.
Why Commercial Real Estate In Savage, Minnesota?
Savage, Minnesota, is an excellent place to invest in commercial real estate. The city has a strong economy and is continuing to grow. The population is diverse, and the median age is 35 years old. The city is also home to a variety of parks and trails. In addition, the commercial real estate market in Savage is very stable. As a result, investing in commercial real estate in Savage is a wise decision.
Contact one of our local real estate agents today if you're looking for an investment property or commercial space in Savage, Minnesota. They can help you find the perfect property for your needs.