Stillwater, Minnesota, continues to showcase a vibrant and evolving economic landscape, marked by entrepreneurial ventures, housing market dynamics, and community-driven initiatives.
Entrepreneurial Ventures
In the heart of downtown Stillwater, 20-year-old entrepreneur Ethan Sorensen has launched E’s Gourmet Sandwiches. Located in a historic building, the shop offers a variety of options, including hot chicken, burgers, and cold-cut Italian clubs. Sorensen, who began his culinary journey at 14, brings both excitement and dedication to this new venture.
Housing Market Trends
The housing market in Stillwater reflects a dynamic environment. As of March 2026, the median sale price of homes reached $479,000, marking a 13.5% increase from the previous year. Homes are selling faster, averaging 21 days on the market compared to 62 days last year. This trend indicates a strong demand and a competitive market for potential buyers and sellers.
Community Development Initiatives
Lift Bridge Cowork has expanded its presence with the renovation of its third building in downtown Stillwater. The new space, named the “FORUM,” is a 2,000-square-foot venue designed for corporate off-sites and intimate events. This expansion caters to startups and executives from the Twin Cities metropolitan area, enhancing Stillwater’s appeal as a business hub.
Additionally, the city has welcomed Jason Zimmerman as the new Community Development Director. Zimmerman is actively working on the Comprehensive Plan, aiming to shape Stillwater’s community and development efforts for the next two decades. His focus includes advancing projects initiated by his predecessors and fostering meaningful growth in the area.
Support for Local Businesses
Stillwater’s commitment to supporting local businesses extends beyond seasonal initiatives. The city collaborates with the Chamber of Commerce and local enterprises to create a thriving downtown environment. This partnership has resulted in bustling retail shops, collaborative spaces, and a diverse range of restaurants, contributing to the city’s economic vitality.
In summary, Stillwater’s economic landscape is characterized by entrepreneurial spirit, a robust housing market, and proactive community development efforts. These elements collectively contribute to the city’s ongoing growth and prosperity.