Commercial Real Estate Market in Algona, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
16 active listings and 814 off-market properties in Algona, IA.
Market Trends
Algona, IA spans 130.0 square miles in Kossuth County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Algona, IA runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Algona, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Algona, IA runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Algona, IA runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 37.3%
- Industrial 36.5%
- Agricultural 9.1%
- Open space 6.8%
- Commercial 6.2%
- Mixed use 2.3%
Largest Zones share of zoned land by district
Light Manufacturing District
Residential Single Family
Heavy Manufacturing District
Agricultural District
Residential Single Family
Algona, IA zones 2,990 acres across 16 districts. Commercial zoning covers 6.2% of zoned land, residential 37.3%, open space 6.8% and industrial 36.5%. The largest single district is Light Manufacturing District at 26.5%. For commercial buyers the practical constraint is that only 42.8% of land carries a commercial or industrial designation.
Light Manufacturing District (LM)
This district is intended to provide for areas of development by industrial firms that have high standards of performance and that can locate in close proximity to residential and business uses.
Market overview
Demographics & Economy
Algona, IA has 7,061 residents in 3,385 households. Density runs 54 people per square mile. Median household income here is $60,256 and median gross rent $892 a month.
7,061
Population
3,385
Households
2.1
Avg Household Size
47
Median Age
26%
College-Educated
95%
High-School Grad
130 sq mi
ZIP Area
54
Density / Sq Mi
$60,256
Median Household Income
$43,692
Median Earnings
$892
Median Rent
$180,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hobarton | — | — |
| Irvington | — | — |
| Sexton | — | — |
| Galbraith | — | — |
Commercial property in Algona, IA asks $1,161/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Algona?
Commercial property in Algona, IA asks an average of $1,161 per square foot. The 5 most recent recorded sales traded at a median of $84/SF, so asking sits 1276% above the achieved median.
What zoning applies to commercial property in Algona?
Algona, IA zones 2,990 acres across 16 districts, of which 6.2% is commercial and 36.5% industrial. The largest single district is Light Manufacturing District at 26.5% of zoned land. This district is intended to provide for areas of development by industrial firms that have high standards of performance and that can locate in close proximity to residential and business uses. Residential zoning covers 37.3% and open space 6.8%.
Where does Realmo's Algona market data come from?
Realmo compiles Algona, IA figures from 5 recent recorded sales, 15 active sale listings, 1 active lease listings, 814 tracked off-market properties, the current Algona zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 15 active for-sale and 1 active for-lease listings in Algona, IA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 2,990 zoned acres across 16 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
