Commercial Real Estate Market in Calmar, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 198 off-market properties in Calmar, IA.
Market Trends
Calmar, IA spans 61.8 square miles in Winneshiek County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Calmar, 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 Calmar, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Calmar, 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 Calmar, 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 64%
- Agricultural 15%
- Industrial 11.8%
- Commercial 9.2%
Largest Zones share of zoned land by district
Two Family Dwelling
Agriculture
General Commercial
Heavy Industrial
Industrial
Calmar, IA zones 726 acres across 8 districts. Commercial zoning covers 9.2% of zoned land, residential 64% and industrial 11.8%. The largest single district is Two Family Dwelling at 61.3%. For commercial buyers the practical constraint is that only 21% of land carries a commercial or industrial designation.
Two Family Dwelling (R-2)
The regulations set forth in this section, or set forth in this chapter and referred to in this section, are the regulations in the R-2 District. The R-2, Two-Family Dwelling District is intended to accommodate single and limited multi-family residential development at a moderately greater density than the R-1 District.
Market overview
Demographics & Economy
Calmar, IA has 1,832 residents in 848 households. Density runs 30 people per square mile. Median household income here is $97,621 and median gross rent $743 a month.
1,832
Population
848
Households
2.2
Avg Household Size
40
Median Age
24%
College-Educated
96%
High-School Grad
61.8 sq mi
ZIP Area
30
Density / Sq Mi
$97,621
Median Household Income
$44,352
Median Earnings
$743
Median Rent
$225,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Fort Atkinson | — | — |
| Festina | — | — |
| Spillville | — | — |
| Conover | — | — |
Commercial property in Calmar, IA asks $108/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Calmar?
Commercial property in Calmar, IA asks an average of $108 per square foot.
What zoning applies to commercial property in Calmar?
Calmar, IA zones 726 acres across 8 districts, of which 9.2% is commercial and 11.8% industrial. The largest single district is Two Family Dwelling at 61.3% of zoned land. The regulations set forth in this section, or set forth in this chapter and referred to in this section, are the regulations in the R-2 District. The R-2, Two-Family Dwelling District is intended to accommodate single and limited multi-family residential development at a moderately greater density than the R-1 District. Residential zoning covers 64% and open space 0%.
Where does Realmo's Calmar market data come from?
Realmo compiles Calmar, IA figures from 4 active sale listings, 198 tracked off-market properties, the current Calmar zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 0 active for-lease listings in Calmar, 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: 726 zoned acres across 8 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
