Commercial Real Estate Market in Indianola, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
16 active listings and 804 off-market properties in Indianola, IA.
Market Trends
Indianola, IA spans 162.4 square miles in Warren County, Iowa. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Indianola, IA runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Indianola, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Indianola, 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 space in Indianola, IA has a median asking sale price of $107/SF (based on 4 listings). Vacancy 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 79.3%
- Planned_development 9.3%
- Commercial 6.1%
- Industrial 4.9%
- Mixed use 0.5%
Largest Zones share of zoned land by district
Indianola, IA zones 6,588 acres across 10 districts. Commercial zoning covers 6.1% of zoned land, residential 79.3% and industrial 4.9%. The largest single district is Agricultural And Open Space Zoning District at 36.1%. For commercial buyers the practical constraint is that only 11% of land carries a commercial or industrial designation.
Uses of Land D. Nonconforming Structures E. Nonconforming Uses of Structures F. Repairs and Maintenance 165.05 ZONING DISTRICT REGULATIONS 1. Regulations by Zoning District A. Agricultural / Open Space Zoning District (A-1) B. Single-Family Residential Detached Zoning District (R-1) C. Single-Family Residential Attached Zoning District (R-2) D. Multi-Family…
Market overview
Demographics & Economy
Indianola, IA has 20,906 residents in 8,039 households. Density runs 129 people per square mile. Median household income here is $86,463 and median gross rent $975 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Indianola?
What zoning applies to commercial property in Indianola?
Where does Realmo's Indianola market data come from?
Methodology & data sources
- Asking prices and medians
- There are 14 active for-sale and 2 active for-lease listings in Indianola, IA. The sale median is based on 8 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: 6,588 zoned acres across 10 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
