Commercial Real Estate Market in Le Mars, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
9 active listings and 841 off-market properties in Le Mars, IA.
Market Trends
Le Mars, IA spans 234.1 square miles in Plymouth County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Le Mars, 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 Le Mars, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Le Mars, 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 Le Mars, IA runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Le Mars, IA has 12,960 residents in 5,443 households. Density runs 55 people per square mile. Median household income here is $74,978 and median gross rent $903 a month.
12,960
Population
5,443
Households
2.4
Avg Household Size
39
Median Age
25%
College-Educated
94%
High-School Grad
234.1 sq mi
ZIP Area
55
Density / Sq Mi
$74,978
Median Household Income
$47,035
Median Earnings
$903
Median Rent
$208,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Craig | — | — |
| Brunsville | — | — |
| Oyens | — | — |
| Merrill | — | — |
Commercial property in Le Mars, IA asks $562/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Le Mars?
Commercial property in Le Mars, IA asks an average of $562 per square foot. The 5 most recent recorded sales traded at a median of $30/SF, so asking sits 1786% above the achieved median.
Where does Realmo's Le Mars market data come from?
Realmo compiles Le Mars, IA figures from 6 recent recorded sales, 9 active sale listings, 841 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 9 active for-sale and 0 active for-lease listings in Le Mars, 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.
- 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
