Commercial Real Estate Market in Shellsburg, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 76 off-market properties in Shellsburg, IA.
Market Trends
Shellsburg, IA spans 39.6 square miles in Benton County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Shellsburg, 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 Shellsburg, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Shellsburg, 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 Shellsburg, 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 50.2%
- Civic 21.9%
- Agricultural 17.7%
- Open space 7.7%
- Commercial 2.5%
Largest Zones share of zoned land by district
High Density Single Family Residential
Commercial
Agriculture
Public
Single Family Residential
Market overview
Demographics & Economy
Shellsburg, IA has 1,995 residents in 789 households. Density runs 50 people per square mile. Median household income here is $90,781 and median gross rent $775 a month.
1,995
Population
789
Households
2.5
Avg Household Size
45
Median Age
15%
College-Educated
97%
High-School Grad
39.6 sq mi
ZIP Area
50
Density / Sq Mi
$90,781
Median Household Income
$52,292
Median Earnings
$775
Median Rent
$227,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Palo | — | $8.00 |
| Atkins | — | $9.95 |
| Toddville | — | — |
| Center Point | — | — |
Frequently Asked Questions
Where does Realmo's Shellsburg market data come from?
Realmo compiles Shellsburg, IA figures from 3 recent recorded sales, 1 active sale listings, 1 active lease listings, 76 tracked off-market properties, the current Shellsburg zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 1 active for-lease listings in Shellsburg, 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: 502 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
