Commercial Real Estate Market in Shell Rock, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
17 active listings and 128 off-market properties in Shell Rock, IA. Commercial property asks $135/SF to buy and $10.00/SF/Yr to lease.
Market Trends
Shell Rock, IA spans 55.1 square miles in Butler County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Shell Rock, 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 Shell Rock, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Shell Rock, 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 Shell Rock, IA runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Shell Rock, IA has 1,959 residents in 910 households. Density runs 36 people per square mile. Median household income here is $83,281 and median gross rent $750 a month.
1,959
Population
910
Households
2.2
Avg Household Size
46
Median Age
22%
College-Educated
93%
High-School Grad
55.1 sq mi
ZIP Area
36
Density / Sq Mi
$83,281
Median Household Income
$45,100
Median Earnings
$750
Median Rent
$172,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Horton | — | — |
| Waverly | — | $13.30 |
| Finchford | — | — |
| Clarksville | — | — |
Commercial property in Shell Rock, IA asks $135/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Shell Rock?
Commercial property in Shell Rock, IA asks an average of $135 per square foot.
How much does it cost to lease commercial space in Shell Rock?
Asking lease rates in Shell Rock, IA average $10.00 per square foot per year.
Where does Realmo's Shell Rock market data come from?
Realmo compiles Shell Rock, IA figures from 16 active sale listings, 1 active lease listings, 128 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 1 active for-lease listings in Shell Rock, 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.
- 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
