Commercial Real Estate Market in Montezuma, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
13 active listings and 274 off-market properties in Montezuma, IA.
Market Trends
Montezuma, IA spans 109.8 square miles in Poweshiek County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Montezuma, 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 Montezuma, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Montezuma, 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 Montezuma, 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
- Industrial 64.1%
- Commercial 30.3%
- Mixed use 4.9%
- Residential 0.4%
Largest Zones share of zoned land by district
Agricultural
Residential
Manufacturing Industrial
Mixed Use Commercial
Downtown Historic Commercial
Montezuma, IA zones 1,575 acres across 7 districts. Commercial zoning covers 30.3% of zoned land, residential 0.4% and industrial 64.1%. The largest single district is Agricultural at 58.6%. For commercial buyers the practical constraint is that only 94.4% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Montezuma, IA has 2,703 residents in 1,592 households. Density runs 25 people per square mile. Median household income here is $55,944 and median gross rent $822 a month.
2,703
Population
1,592
Households
1.7
Avg Household Size
47
Median Age
17%
College-Educated
96%
High-School Grad
109.8 sq mi
ZIP Area
25
Density / Sq Mi
$55,944
Median Household Income
$42,356
Median Earnings
$822
Median Rent
$188,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ewart | — | — |
| Barnes City | — | — |
| Deep River | — | — |
| Searsboro | — | — |
Commercial property in Montezuma, IA asks $394/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Montezuma?
Commercial property in Montezuma, IA asks an average of $394 per square foot.
What zoning applies to commercial property in Montezuma?
Montezuma, IA zones 1,575 acres across 7 districts, of which 30.3% is commercial and 64.1% industrial. The largest single district is Agricultural at 58.6% of zoned land. Residential zoning covers 0.4% and open space 0%.
Where does Realmo's Montezuma market data come from?
Realmo compiles Montezuma, IA figures from 2 recent recorded sales, 13 active sale listings, 274 tracked off-market properties, the current Montezuma zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 13 active for-sale and 0 active for-lease listings in Montezuma, 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: 1,575 zoned acres across 7 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
