Commercial Real Estate Market in Indianola, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
93 active listings and 805 off-market properties in Indianola, IA. Commercial property asks $50/SF to buy and $35.00/SF/Yr to lease.
Market Trends
Indianola, IA spans 162.4 square miles in Warren County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Indianola, 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 Indianola, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Indianola, 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 79.3%
- Planned_development 9.3%
- Commercial 6.1%
- Industrial 4.9%
- Mixed use 0.5%
Largest Zones share of zoned land by district
Agricultural And Open Space Zoning District
Single Family Residential Detached Zoning District
Single Family Residential Attached Zoning District
Planned Unit Development
Highway Commercial Zoning 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.
Agricultural And Open Space Zoning District (A-1)
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.
20,906
Population
8,039
Households
2.6
Avg Household Size
39
Median Age
34%
College-Educated
97%
High-School Grad
162.4 sq mi
ZIP Area
129
Density / Sq Mi
$86,463
Median Household Income
$42,822
Median Earnings
$975
Median Rent
$248,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Sandyville | — | — |
| Milo | — | — |
| Palmyra | — | — |
| Norwalk | — | — |
Commercial property in Indianola, IA asks $50/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Indianola?
Commercial property in Indianola, IA asks an average of $50 per square foot. The 6 most recent recorded sales traded at a median of $232/SF.
How much does it cost to lease commercial space in Indianola?
Asking lease rates in Indianola, IA average $35.00 per square foot per year.
What zoning applies to commercial property in Indianola?
Indianola, IA zones 6,588 acres across 10 districts, of which 6.1% is commercial and 4.9% industrial. The largest single district is Agricultural And Open Space Zoning District at 36.1% of zoned land. 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… Residential zoning covers 79.3% and open space 0%.
Where does Realmo's Indianola market data come from?
Realmo compiles Indianola, IA figures from 6 recent recorded sales, 90 active sale listings, 3 active lease listings, 805 tracked off-market properties, the current Indianola zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 90 active for-sale and 3 active for-lease listings in Indianola, 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: 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 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
