Commercial Real Estate Market in Osage, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
19 active listings and 499 off-market properties in Osage, IA.
Market Trends
Osage, IA spans 177.6 square miles in Mitchell County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Osage, 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 Osage, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Osage, 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 Osage, 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 71.9%
- Industrial 16.3%
- Commercial 8.5%
- Agricultural 2.7%
Largest Zones share of zoned land by district
Single Family Residential
Light Industrial
General Residential
Arterial Commercial
Central Business District Commercial
Osage, IA zones 1,474 acres across 10 districts. Commercial zoning covers 8.5% of zoned land, residential 71.9% and industrial 16.3%. The largest single district is Single Family Residential at 60.7%. For commercial buyers the practical constraint is that only 24.8% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Osage, IA has 5,605 residents in 2,564 households. Density runs 32 people per square mile. Median household income here is $66,004 and median gross rent $748 a month.
5,605
Population
2,564
Households
2.2
Avg Household Size
45
Median Age
23%
College-Educated
94%
High-School Grad
177.6 sq mi
ZIP Area
32
Density / Sq Mi
$66,004
Median Household Income
$44,332
Median Earnings
$748
Median Rent
$158,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Little Cedar | — | — |
| Stacyville | — | — |
| Meyer | — | — |
| Mitchell | — | — |
Commercial property in Osage, IA asks $220/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Osage?
Commercial property in Osage, IA asks an average of $220 per square foot. The 6 most recent recorded sales traded at a median of $20/SF, so asking sits 990% above the achieved median.
What zoning applies to commercial property in Osage?
Osage, IA zones 1,474 acres across 10 districts, of which 8.5% is commercial and 16.3% industrial. The largest single district is Single Family Residential at 60.7% of zoned land. Residential zoning covers 71.9% and open space 0%.
Where does Realmo's Osage market data come from?
Realmo compiles Osage, IA figures from 6 recent recorded sales, 19 active sale listings, 499 tracked off-market properties, the current Osage zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 19 active for-sale and 0 active for-lease listings in Osage, 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: 1,474 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, 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
