Commercial Real Estate Market in Marshalltown, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
83 active listings and 1,382 off-market properties in Marshalltown, IA. Commercial property asks $82/SF to buy and $12.96/SF/Yr to lease.
Market Trends
Marshalltown, IA spans 212.2 square miles in Marshall County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Marshalltown, 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 Marshalltown, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Marshalltown, 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 Marshalltown, 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 38.3%
- Industrial 29.9%
- Open space 9.8%
- Civic 9.7%
- Commercial 7.6%
- Mixed use 2.5%
- Agricultural 1.9%
- Planned_development 0.3%
Largest Zones share of zoned land by district
General Industrial District
Low Density Residential District
Medium Density Residential District
Recreational
Public And Institutional
Marshalltown, IA zones 10,700 acres across 12 districts. Commercial zoning covers 7.6% of zoned land, residential 38.3%, open space 9.8% and industrial 29.9%. The largest single district is General Industrial District at 29.9%. For commercial buyers the practical constraint is that only 37.5% of land carries a commercial or industrial designation.
General Industrial District (GI)
The intent of this zone is to do manufacturing, processing, storage, and distribution activities generally incompatible with residential, civic, and other public uses
Market overview
Demographics & Economy
Marshalltown, IA has 31,466 residents in 12,614 households. Density runs 148 people per square mile. Median household income here is $71,212 and median gross rent $865 a month.
31,466
Population
12,614
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
84%
High-School Grad
212.2 sq mi
ZIP Area
148
Density / Sq Mi
$71,212
Median Household Income
$40,437
Median Earnings
$865
Median Rent
$130,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Green Mountain | — | — |
| Le Grand | — | — |
| Haverhill | — | — |
| Ferguson | — | — |
Commercial property in Marshalltown, IA asks $82/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Marshalltown?
Commercial property in Marshalltown, IA asks an average of $82 per square foot. The 5 most recent recorded sales traded at a median of $112/SF.
How much does it cost to lease commercial space in Marshalltown?
Asking lease rates in Marshalltown, IA average $12.96 per square foot per year.
What zoning applies to commercial property in Marshalltown?
Marshalltown, IA zones 10,700 acres across 12 districts, of which 7.6% is commercial and 29.9% industrial. The largest single district is General Industrial District at 29.9% of zoned land. The intent of this zone is to do manufacturing, processing, storage, and distribution activities generally incompatible with residential, civic, and other public uses Residential zoning covers 38.3% and open space 9.8%.
Where does Realmo's Marshalltown market data come from?
Realmo compiles Marshalltown, IA figures from 6 recent recorded sales, 73 active sale listings, 10 active lease listings, 1,382 tracked off-market properties, the current Marshalltown zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 73 active for-sale and 10 active for-lease listings in Marshalltown, 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: 10,700 zoned acres across 12 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
