White Bear Lake, MN Commercial Property for Sale (3 Real Estate Listings)
White Bear Lake, MN Real Estate Statistics
| Average Price | $515K |
|---|---|
| Lowest Price | $2.4K |
| Highest Price | $5.9M |
| Total Listings | 89 |
| Avg. Price/SQFT | $234 |
Property Types (active listings)
As of September 13, 2024 there are 3 active White Bear Lake, MN commercial real estate listings for sale with an average listing price of $933,333. The highest-priced commercial property listing is $1,900,000, while the lowest priced commercial property can be purchased for $325,000. White Bear Lake, MN Commercial properties for sale have an average price of $311 per square foot, based on commercial listings with an average of bedrooms, bathrooms, and 2,761 square feet of living space.
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White Bear Lake, MN Commercial Real Estate & Properties
White Bear Lake, Minnesota, commercial real estate is a great investment opportunity. The city is located in the northern part of the Twin Cities metropolitan area and is home to many businesses and industries. The town has just over 18,000 people and is proliferating.
The commercial real estate market in White Bear Lake, Minnesota, is solid. There is a high demand for office and retail space in the city. The vacancy rate for commercial real estate in White Bear Lake, Minnesota, is shallow. This means that more people are looking for space than is available. This makes investing in White Bear Lake, Minnesota, commercial real estate a great time.
White Bear Lake, Minnesota's History
The first settlers arrived in White Bear Lake in the early 1800s. They were attracted to the area by the abundant resources, including forests full of timber and lakes full of fish. The first settlement was established near present-day Kemo Beach on the south shore of White Bear Lake. In 1868, the Lake Superior and Mississippi Railroad extension to White Bear Lake transformed the small settlement into a thriving community. The railroad provided new and exciting opportunities for business and industry, eventually connecting White Bear Lake to Duluth in 1871.
As the resort era faded shortly after the turn of the century, other industries, including farming and lumbering, continued to prosper. In keeping pace with this steady growth and development, community leaders officially incorporated the City of White Bear Lake in 1921. When mixed, the city was 2¼ square miles with a population of just over 2,000. The 1950s and 1960s were times of rapid residential expansion. By 1970, the population had grown to more than 20,000; today, it is close to 26,000. White Bear Lake is a vibrant community with a rich history that continues to be shaped by its residents daily.
White Bear Lake, Minnesota's Demographics
White Bear Lake, Minnesota, is in the state's southeastern part. With a 2020 population of 25,101, it is the 44th largest city in Minnesota and the 1853rd largest city in the United States. White Bear Lake is currently growing at a rate of 0.44% annually. However, its population has decreased by -2.40% since the most recent census, which recorded a population of 25,718 in 2020. Spanning over 9 miles, White Bear Lake has a population density of 3,113 people per square mile.
The median age in White Bear Lake is 38 years old. The gender makeup of White Bear Lake is 50.8% male (12,705 residents) and 49.2% female (12,396 residents). In terms of ethnicities, White Bear Lake is 66.1% white (16,645 residents), 11.0% Hispanic or Latino (2,773 residents), and 8.0% black or African American (2,003 residents). Of the 25,101 residents in White Bear Lake, 9,596 (38%) are married, while 7,087 (28%) have never been married. 2,893 (12%) are divorced, while 3,132 (13%) are widowed.
White Bear Lake, Minnesota's Geographic Makeup
White Bear Lake is a city located in Ramsey County, Minnesota. The town is intersected by several major roads, including U.S. Highway 61, Ramsey County Highway 96, Minnesota State Highway 96, Interstate 35E, and Interstate 694. According to the United States Census Bureau, the city has 8.7 square miles (22.5 km²). Of this area, 8.2 square miles (21.2 km²) is land, and 0.5 square miles (1.3 km²) of it (5.870%) is water. The lake itself is the primary source of water for the city. It gets its name from the white bear statue gracing its shores. The elevation of White Bear Lake is 942 ft (287 m) above sea level.
White Bear Lake, Minnesota's Economy
As of 2018, the median household income in White Bear Lake, Minnesota, is $89,877. That's an increase of 4.8% from 2015, when the town's average household income was $85,524. The poverty rate in White Bear Lake is 6.30%, which is lower than the national average of 14.7%. The median age in White Bear Lake is 42.4 years, 38.6 years for males and 45.9 years for females. The median rental costs in recent years have come to $1,215 per month, and the median house value is $241,400. Despite the high cost of living, White Bear Lake is a great place to live, with a strong economy and plenty of opportunities for residents to find well-paying jobs.
White Bear Lake, Minnesota's Employment
White Bear Lake, Minnesota, is home to a thriving economy that employs 13.1 thousand people. The largest industries in the city are health care and social assistance, manufacturing, and educational services. However, the highest-paying industries are professional, scientific, technical services, utilities, and professional, scientific, management, and administrative services. This diversified economy provides residents with various employment opportunities and a high standard of living. In addition to its strong economic base, White Bear Lake is a beautiful place to live, with multiple parks and recreational activities.
Why Commercial Real Estate In White Bear Lake, Minnesota?
White Bear Lake, Minnesota, is a great place to invest in commercial real estate. The city's strong economy and beautiful setting make it an ideal location for businesses of all types. In addition, the city's proximity to major metropolitan areas makes it a convenient option for companies looking to expand their operations. As a result, commercial real estate in White Bear Lake is a wise investment for both businesses and investors alike.