Commercial Real Estate Market in Oelwein, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
22 active listings and 504 off-market properties in Oelwein, IA.
Market Trends
Oelwein, IA spans 70.4 square miles in Fayette County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Oelwein, 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 Oelwein, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Oelwein, 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 Oelwein, 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 75.3%
- Industrial 19.8%
- Commercial 2.6%
- Civic 1.7%
- Agricultural 0.6%
Largest Zones share of zoned land by district
Residential Single Family Dwelling
Mobile Home Park
Heavy Industrial
City Property
Industrial Park
Oelwein, IA zones 3,111 acres across 12 districts. Commercial zoning covers 2.6% of zoned land, residential 75.3% and industrial 19.8%. The largest single district is Residential Single Family Dwelling at 46.9%. For commercial buyers the practical constraint is that only 22.3% of land carries a commercial or industrial designation.
Residential Single Family Dwelling (R-1)
All uses permitted by R-1 Residential Districts. 2. Uses and structures clearly incidental to the permitted principal uses or structures of this district, not involving other than medical and health care sciences described above. 3. Temporary buildings and equipment used in conjunction with construction work, provided such building and equipment are removed…
Market overview
Demographics & Economy
Oelwein, IA has 6,693 residents in 3,260 households. Density runs 95 people per square mile. Median household income here is $49,145 and median gross rent $760 a month.
6,693
Population
3,260
Households
2.1
Avg Household Size
44
Median Age
16%
College-Educated
92%
High-School Grad
70.4 sq mi
ZIP Area
95
Density / Sq Mi
$49,145
Median Household Income
$37,378
Median Earnings
$760
Median Rent
$108,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hazleton | — | — |
| Stanley | — | — |
| Fairbank | — | — |
| Westgate | — | — |
Commercial property in Oelwein, IA asks $72/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Oelwein?
Commercial property in Oelwein, IA asks an average of $72 per square foot. The 5 most recent recorded sales traded at a median of $11/SF, so asking sits 525% above the achieved median.
What zoning applies to commercial property in Oelwein?
Oelwein, IA zones 3,111 acres across 12 districts, of which 2.6% is commercial and 19.8% industrial. The largest single district is Residential Single Family Dwelling at 46.9% of zoned land. All uses permitted by R-1 Residential Districts. 2. Uses and structures clearly incidental to the permitted principal uses or structures of this district, not involving other than medical and health care sciences described above. 3. Temporary buildings and equipment used in conjunction with construction work, provided such building and equipment are removed… Residential zoning covers 75.3% and open space 0%.
Where does Realmo's Oelwein market data come from?
Realmo compiles Oelwein, IA figures from 7 recent recorded sales, 20 active sale listings, 2 active lease listings, 504 tracked off-market properties, the current Oelwein zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 20 active for-sale and 2 active for-lease listings in Oelwein, 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: 3,111 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, 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
