Commercial Real Estate Market in Toledo, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 274 off-market properties in Toledo, IA.
Market Trends
Toledo, IA spans 88.7 square miles in Tama County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Toledo, 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 Toledo, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Toledo, 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 Toledo, 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 71.2%
- Commercial 11.5%
- Industrial 9.3%
Largest Zones share of zoned land by district
Agriculture
Single Family And Duplex Residence District
Business District
No Zoning
Heavy Industrial District
Toledo, IA zones 1,484 acres across 10 districts. Commercial zoning covers 11.5% of zoned land, residential 71.2% and industrial 9.3%. The largest single district is Agriculture at 34.9%. For commercial buyers the practical constraint is that only 20.7% of land carries a commercial or industrial designation.
Agriculture (A)
H. “Agent of owner” means any person showing written verification that they are acting for, and with the knowledge and consent of, a property owner. I. “Agriculture” means the use of land for agricultural purposes, including farming, dairying, pasturage, apiculture, horticulture, floriculture, viticulture, and animal and poultry husbandry, and the necessary…
Market overview
Demographics & Economy
Toledo, IA has 3,192 residents in 1,390 households. Density runs 36 people per square mile. Median household income here is $62,344 and median gross rent $954 a month.
3,192
Population
1,390
Households
2.3
Avg Household Size
42
Median Age
20%
College-Educated
93%
High-School Grad
88.7 sq mi
ZIP Area
36
Density / Sq Mi
$62,344
Median Household Income
$36,806
Median Earnings
$954
Median Rent
$136,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Tama | — | — |
| Montour | — | — |
| Garwin | — | — |
| Haven | — | — |
Commercial property in Toledo, IA asks $393/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Toledo?
Commercial property in Toledo, IA asks an average of $393 per square foot.
What zoning applies to commercial property in Toledo?
Toledo, IA zones 1,484 acres across 10 districts, of which 11.5% is commercial and 9.3% industrial. The largest single district is Agriculture at 34.9% of zoned land. H. “Agent of owner” means any person showing written verification that they are acting for, and with the knowledge and consent of, a property owner. I. “Agriculture” means the use of land for agricultural purposes, including farming, dairying, pasturage, apiculture, horticulture, floriculture, viticulture, and animal and poultry husbandry, and the necessary… Residential zoning covers 71.2% and open space 0%.
Where does Realmo's Toledo market data come from?
Realmo compiles Toledo, IA figures from 2 recent recorded sales, 6 active sale listings, 274 tracked off-market properties, the current Toledo zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 0 active for-lease listings in Toledo, 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: 1,484 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 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
