Commercial Real Estate Market in Sheffield, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
45 active listings and 242 off-market properties in Sheffield, IA.
Market Trends
Sheffield, IA spans 95.1 square miles in Franklin County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Sheffield, 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 Sheffield, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Sheffield, 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 Sheffield, 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
- Agricultural 80.2%
- Civic 7%
- Industrial 4.6%
- Commercial 3.6%
- Residential 0.7%
Largest Zones share of zoned land by district
Agricultural
Residential
Public Lands
Commercial
Light Industrial
Agricultural (A-1)
This zoning district is indented to provide farms, including the usual farm buildings and structures
Market overview
Demographics & Economy
Sheffield, IA has 1,621 residents in 624 households. Density runs 17 people per square mile. Median household income here is $78,333 and median gross rent $648 a month.
1,621
Population
624
Households
2.6
Avg Household Size
45
Median Age
17%
College-Educated
97%
High-School Grad
95.1 sq mi
ZIP Area
17
Density / Sq Mi
$78,333
Median Household Income
$43,516
Median Earnings
$648
Median Rent
$155,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Chapin | — | — |
| Rockwell | — | — |
| Swaledale | — | — |
| Dougherty | — | — |
Commercial property in Sheffield, IA asks $3,177/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Sheffield?
Commercial property in Sheffield, IA asks an average of $3,177 per square foot.
Where does Realmo's Sheffield market data come from?
Realmo compiles Sheffield, IA figures from 3 recent recorded sales, 45 active sale listings, 242 tracked off-market properties, the current Sheffield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 45 active for-sale and 0 active for-lease listings in Sheffield, 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: 3,587 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
