Andover, MN Commercial Property for Sale (3 Real Estate Listings)
Andover, MN Real Estate Statistics
| Average Price | $568K |
|---|---|
| Lowest Price | $85K |
| Highest Price | $3.3M |
| Total Listings | 103 |
| Avg. Price/SQFT | $188 |
Property Types (active listings)
As of November 4, 2025 there are 3 active Andover, MN commercial real estate listings for sale with an average listing price of $1,279,259. The highest-priced commercial property listing is $3,277,777, while the lowest priced commercial property can be purchased for $85,000. Andover, MN Commercial properties for sale have an average price of $97 per square foot, based on commercial listings with an average of bedrooms, bathrooms, and 9,431 square feet of living space.
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Andover, MN Commercial Real Estate & Properties
Andover, Minnesota is a great place to invest in commercial real estate. The city has a population of over 30,000 people and is snowballing. With its proximity to Minneapolis, Andover is a prime location for businesses.
There are many reasons to invest in commercial real estate in Andover, Minnesota. The city has many Fortune 500 companies, including Target and Supervalu. Andover also has a highly educated workforce, with over 70% of residents having a bachelor's degree or higher. Additionally, the city's cost of living is much lower than the national average.
Commercial real estate in Andover, Minnesota, is a wise choice if you're looking for a great investment opportunity.
Andover, Minnesota's History
The city of Andover, Minnesota, was first organized in 1857 under the name “Round Lake Township.” However, in 1860 the name was changed to “Grow Township” in honor of Representative Galusha A. Grow of Pennsylvania. Representative Grow had spoken at a political campaign in Anoka that year, and the townspeople decided to change the name to honor him. In 1874, the township was divided into East Grow Township and West Grow Township. In 1875, Andover was officially incorporated as a village, and in 1976 it became a city. Today, Andover is a thriving community with a rich history.
Andover, Minnesota's Demographics
Andover is a city located in Anoka County, Minnesota. As of the 2020 census, the city had a population of 33,001, making it the 31st largest city in Minnesota. Andover is part of the Minneapolis-St. Paul metropolitan area is located about 20 miles northwest of downtown Minneapolis. The city covers a total area of 35 square miles and has a population density of 974 people per square mile.
Andover is a relatively young city with a median age of 37. The population is evenly split between men and women, with 50.5% male and 49.5% female residents. The racial makeup of the city is predominantly white (84.0%), followed by Asian (7.8%), Hispanic or Latino (3.6%), and black or African American (2.0%).
Andover, Minnesota's Geographic Makeup
Andover has a total area of 34.83 square miles, with 33.88 square miles of land and 0.95 square miles of water. Andover is situated at an elevation of 889 feet. The main routes in the community are County Roads 9, 18, 78, and 116, and U.S. Highway 10 is nearby. Andover's geographic makeup makes it a beautiful and convenient place to live.
Andover, Minnesota‘s Economy
The median household income in Andover is $93,889, and the median family income is $106,250. The per capita income in Andover is $41,964. Some 9.4% of families and 11.3% of individuals live below the poverty line. Andover is considered a suburb of Minneapolis, and many residents commute to jobs in the city for work. However, many businesses and industries also employ residents within Andover.
Andover, Minnesota's Employment
Andover, MN is a great place to work! The economy employs 18.5k people, with the most prominent industries being Health Care & Social Assistance (2,850 people), Manufacturing (2,832 people), and Retail Trade (2,164 people). The highest paying industries in Andover, MN are Management of Companies & Enterprises ($103,750), Finance & Insurance ($87,298), and Finance & Insurance, & Real Estate & Rental & Leasing ($80,331). If you're looking for a new career or moving to a new area, Andover, MN, is a great place to start your search! With plenty of job opportunities and a strong economy, Andover, MN, is a great place to live and work!
Why Commercial Real Estate In Andover, Minnesota?
As you can see, Andover, Minnesota, is a thriving community with much to offer. The city's cost of living is much lower than the national average, making it affordable. Andover is also a great place to invest in commercial real estate. Commercial real estate in Andover, Minnesota, is a wise choice with a strong economy and plenty of job opportunities. Contact a local real estate agent from Dane Arthur Real Estate Agency today to learn more about investing in commercial real estate in Andover, Minnesota!