Commercial Real Estate Market in Ankeny, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
322 active listings and 1,240 off-market properties in Ankeny, IA. Commercial property asks $124/SF to buy and $14.03/SF/Yr to lease.
Market Trends
Ankeny, IA spans 45.1 square miles in Polk County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Ankeny, 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 Ankeny, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily space in Ankeny, IA asks $142/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
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
Planned Unit Development
One Family Residence
One Family And Two Family Residence
Multiple Family Residence
Light Industrial
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.
One Family Residence (R-1)
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.
72,410
Population
30,285
Households
2.4
Avg Household Size
34
Median Age
53%
College-Educated
98%
High-School Grad
45.1 sq mi
ZIP Area
1,607
Density / Sq Mi
$107,920
Median Household Income
$57,988
Median Earnings
$1,288
Median Rent
$314,390
Median Home Value
Tools
Lease vs Buy Breakeven
At $14.03/SF/Yr lease vs $124/SF buy → buying wins if held > 1.1 years.
At a 11.3% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Oralabor | — | — |
| Carney | — | — |
| Enterprise | — | — |
| Saylorville | — | — |
Commercial property in Ankeny, IA asks $124/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Ankeny?
Commercial property in Ankeny, IA asks an average of $124 per square foot. The 6 most recent recorded sales traded at a median of $202/SF. Multifamily carries the highest asking price at $142/SF.
How much does it cost to lease commercial space in Ankeny?
Asking lease rates in Ankeny, IA average $14.03 per square foot per year.
Is it cheaper to lease or buy commercial space in Ankeny?
Buying beats leasing in Ankeny, IA if the property is held longer than 1.1 years, comparing $14.03/SF/Yr asking rent with $124/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
What zoning applies to commercial property in Ankeny?
Ankeny, IA zones 20,216 acres across 14 districts, of which 7.9% is commercial and 11.5% industrial. The largest single district is Planned Unit Development at 24.2% of zoned land. Residential zoning covers 53.1% and open space 3.4%.
Where does Realmo's Ankeny market data come from?
Realmo compiles Ankeny, IA figures from 7 recent recorded sales, 263 active sale listings, 59 active lease listings, 1,240 tracked off-market properties, the current Ankeny zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 263 active for-sale and 59 active for-lease listings in Ankeny, 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: 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 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 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 August 2026 · report a data issue
