Worthington, Minnesota Commercial Real Estate 0 Listings

Worthington, Minnesota: A Premier Destination for Commercial Real Estate

Introduction

Worthington, Minnesota, is a burgeoning hub for commercial real estate development in the Midwest. With a population of approximately 13,000, this city is strategically positioned to leverage its agricultural roots while expanding into diverse industry sectors. Worthington’s economic vibrancy is fueled by its robust agricultural, manufacturing, and service industries, making it an attractive locale for investors seeking opportunities in commercial office spaces, industrial properties, and retail developments.

Economic and Industry Overview

Worthington's economy is anchored by agriculture, but it has diversified significantly over the years. Key industries include:

Agriculture and Food Processing: Worthington is home to several food processing plants, which drive demand for industrial real estate.
Manufacturing: The city hosts a variety of manufacturing companies, necessitating industrial and office spaces.
Healthcare and Services: The growing healthcare sector boosts demand for specialized medical office spaces.

Regional economic initiatives, such as those led by the Worthington Regional Economic Development Corporation, aim to attract new businesses and support existing ones, enhancing the demand for various CRE assets.

Strategic Location and Transportation Infrastructure

Worthington’s strategic location offers significant logistical advantages:

Highways: The city is served by Interstate 90 and U.S. Highway 59, facilitating efficient transport and distribution.
Rail Lines: Rail access supports the city's industrial and agricultural sectors.
Airports: Worthington is proximate to several regional airports, enhancing connectivity for business travel.

For more details, visit the Minnesota Department of Transportation.

Commercial Real Estate Inventory & Zoning

Worthington offers a diverse range of commercial real estate submarkets:

Central Business District (CBD): Hosts a mix of retail and office spaces.
Industrial Corridors: Located near major highways, these areas support manufacturing and logistics operations.
Medical and Innovation Districts: Emerging areas focusing on healthcare and tech industries.

The city’s zoning regulations are designed to accommodate growth, with incentives for developers in designated areas. Explore the City of Worthington Zoning Map for more information.

Major Employers and Institutions

Worthington is supported by a variety of significant employers and institutions:

JBS USA: A major player in the food processing industry.
Sanford Health: A key healthcare provider, driving demand for medical office space.
Minnesota West Community & Technical College: Supports workforce development and educational needs.

Visit the Worthington Area Chamber of Commerce for a comprehensive list of top employers.

Notable Commercial Developments & Projects

The city is witnessing several transformative development projects:

Mixed-Use Developments: New projects are combining retail, office, and residential spaces.
Opportunity Zones: Worthington has designated areas for incentivized investment.

For current projects, refer to the Worthington Planning Department.

Building Permits, Planning, and Development Tools

For real estate development in Worthington, the following resources are essential:

Market Data & Economic Reports

Access public data sets to gain insights into Worthington's economic landscape:

U.S. Census Bureau
City of Worthington Open Data Portal
Economic impact reports and studies available on Worthington’s Economic Development page.

Brevitas offers AI-powered aggregation of public data and internal insights, providing a comprehensive view of the Worthington CRE market. Explore our Brevitas-powered dashboards for detailed analytics.