Stillwater, Minnesota, continues to experience dynamic economic growth, marked by entrepreneurial ventures, housing market developments, 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 a fresh perspective to the local dining scene.
Housing Market Trends
The housing market in Stillwater reflects a balanced 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 healthy demand and a robust real estate sector.
Community Development Initiatives
To support local businesses and foster economic growth, the City of Stillwater has appointed Jason Zimmerman as the new Community Development Director. Zimmerman is spearheading the Comprehensive Plan, aiming to shape the city’s development efforts for the next two decades. His focus includes housing, healthcare, and grocery projects along Manning Avenue, reflecting a commitment to holistic community growth.
Additionally, Lift Bridge Cowork has expanded its presence with the renovation of a third building on Main Street, known as the “FORUM.” This 2,000-square-foot space caters to corporate off-sites and intimate events, providing a versatile venue for business professionals and entrepreneurs.
These developments underscore Stillwater’s dedication to fostering a vibrant economic environment, blending historical charm with modern innovation.