Commercial Real Estate Market in Elkader, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
4 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 October 2026.
Office
Office vacancy in Elkader, IA runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Elkader, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily vacancy in Elkader, IA 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 40.1%
- Agricultural 19%
- Commercial 17.4%
- Industrial 13.9%
- Special 9.5%
Largest Zones share of zoned land by district
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.
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Elkader?
What zoning applies to commercial property in Elkader?
Where does Realmo's Elkader market data come from?
Methodology & data sources
- Asking prices and medians
- There are 4 active for-sale and 0 active for-lease listings in Elkader, IA. The sale median is based on 3 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. 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: 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 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
