Commercial Real Estate Market in Cherokee, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
12 active listings and 533 off-market properties in Cherokee, IA.
Market Trends
Cherokee, IA spans 147.7 square miles in Cherokee County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Cherokee, 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 Cherokee, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Cherokee, 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 Cherokee, 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
- Agricultural 51.7%
- Residential 22.8%
- Industrial 19.5%
- Commercial 6%
Largest Zones share of zoned land by district
Agricultural And Conservation District
Single And Two Family Residential District
Multiple Family Residential District
Light Industrial District
Heavy Industrial District
Agricultural And Conservation District (A-1)
This district is designed to preserve in agricultural uses land for eventual development in other uses. A change of zoning from A-1 to any other classification shall be in accordance with planning practice established by the Commission.
Market overview
Demographics & Economy
Cherokee, IA has 6,592 residents in 2,889 households. Density runs 45 people per square mile. Median household income here is $56,964 and median gross rent $725 a month.
6,592
Population
2,889
Households
2.3
Avg Household Size
46
Median Age
20%
College-Educated
93%
High-School Grad
147.7 sq mi
ZIP Area
45
Density / Sq Mi
$56,964
Median Household Income
$33,141
Median Earnings
$725
Median Rent
$127,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Meriden | — | — |
| Larrabee | — | — |
| Aurelia | — | — |
| Cleghorn | — | — |
Commercial property in Cherokee, IA asks $82/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Cherokee?
Commercial property in Cherokee, IA asks an average of $82 per square foot. The 4 most recent recorded sales traded at a median of $29/SF, so asking sits 185% above the achieved median.
Where does Realmo's Cherokee market data come from?
Realmo compiles Cherokee, IA figures from 5 recent recorded sales, 10 active sale listings, 2 active lease listings, 533 tracked off-market properties, the current Cherokee zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 2 active for-lease listings in Cherokee, 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: 4,337 zoned acres across 9 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
