Commercial Real Estate Market in Ankeny, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
85 active listings and 1,236 off-market properties in Ankeny, IA. Commercial property asks $162/SF to buy and $21.00/SF/Yr to lease (based on 7 listings).
Market Trends
Ankeny, IA spans 45.1 square miles in Polk County, Iowa. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Ankeny, IA has a median asking sale price of $130/SF (based on 3 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Ankeny, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Ankeny, 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%.
Multifamily
Multifamily space in Ankeny, IA has a median asking sale price of $170/SF (based on 5 listings). Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 53.1%
- Planned_development 24.2%
- Industrial 11.5%
- Commercial 7.9%
- Open space 3.4%
Largest Zones share of zoned land by district
Ankeny, IA zones 20,216 acres across 14 districts. Commercial zoning covers 7.9% of zoned land, residential 53.1%, open space 3.4% and industrial 11.5%. The largest single district is Planned Unit Development at 24.2%. For commercial buyers the practical constraint is that only 19.4% of land carries a commercial or industrial designation.
All territory which may be annexed to the City shall be considered as lying in the R-1 District until such classification has been changed by amendment in accordance with the provisions of Section 196.04 of this Zoning Ordinance. Share Download Bookmark Print 191.02 CONFORMANCE REQUIRED. Except as otherwise specified in this Zoning Ordinance, no building or…
Market overview
Demographics & Economy
Ankeny, IA has 72,410 residents in 30,285 households. Density runs 1,607 people per square mile. Median household income here is $107,920 and median gross rent $1,288 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Ankeny?
How much does it cost to lease commercial space in Ankeny?
What zoning applies to commercial property in Ankeny?
Where does Realmo's Ankeny market data come from?
Methodology & data sources
- Asking prices and medians
- There are 30 active for-sale and 55 active for-lease listings in Ankeny, IA. The medians are based on 10 of the for-sale and 7 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 20,216 zoned acres across 14 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 October 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 and industrial vacancy is reported at Midwest region level.
- 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 October 2026 · How Realmo checks market page data · Report a data issue
