Commercial Real Estate Market in Elkader, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 198 off-market properties in Elkader, IA.
Market Trends
Elkader, IA spans 96.9 square miles in Clayton County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Elkader, 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 Elkader, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Elkader, 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 Elkader, 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 40.1%
- Agricultural 19%
- Commercial 17.4%
- Industrial 13.9%
- Special 9.5%
Largest Zones share of zoned land by district
Multifamily Residential
Agricultural
Highway Commercial
Residential Multifamily Dwelling
Flood Zone
Elkader, IA zones 854 acres across 9 districts. Commercial zoning covers 17.4% of zoned land, residential 40.1% and industrial 13.9%. The largest single district is Multifamily Residential at 27.7%. For commercial buyers the practical constraint is that only 31.4% of land carries a commercial or industrial designation.
Multifamily Residential (R-2)
The R-2 Multi-Family Residential District is intended to accommodate two family and multi family residential development at a greater density that the R-1 District, it is generally limited to already developed areas but may be expanded to include appropriate areas for new development of affordable housing or multi family housing
Market overview
Demographics & Economy
Elkader, IA has 2,047 residents in 1,015 households. Density runs 21 people per square mile. Median household income here is $65,202 and median gross rent $839 a month.
2,047
Population
1,015
Households
2
Avg Household Size
52
Median Age
22%
College-Educated
92%
High-School Grad
96.9 sq mi
ZIP Area
21
Density / Sq Mi
$65,202
Median Household Income
$45,807
Median Earnings
$839
Median Rent
$145,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Communia | — | — |
| Clayton Center | — | — |
| Osborne | — | — |
| Saint Olaf | — | — |
Commercial property in Elkader, IA asks $150/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Elkader?
Commercial property in Elkader, IA asks an average of $150 per square foot. The 5 most recent recorded sales traded at a median of $42/SF, so asking sits 256% above the achieved median.
What zoning applies to commercial property in Elkader?
Elkader, IA zones 854 acres across 9 districts, of which 17.4% is commercial and 13.9% industrial. The largest single district is Multifamily Residential at 27.7% of zoned land. The R-2 Multi-Family Residential District is intended to accommodate two family and multi family residential development at a greater density that the R-1 District, it is generally limited to already developed areas but may be expanded to include appropriate areas for new development of affordable housing or multi family housing Residential zoning covers 40.1% and open space 0%.
Where does Realmo's Elkader market data come from?
Realmo compiles Elkader, IA figures from 5 recent recorded sales, 6 active sale listings, 198 tracked off-market properties, the current Elkader zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 0 active for-lease listings in Elkader, 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: 854 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
