Commercial Real Estate Market in Urbana, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
14 active listings and 87 off-market properties in Urbana, IA.
Market Trends
Urbana, IA spans 3.2 square miles in Benton County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Urbana, 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 Urbana, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Urbana, 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 Urbana, 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 66.7%
- Industrial 22.6%
- Civic 10.8%
Largest Zones share of zoned land by district
Agricultural
Single Family Residential
Light Industrial
General Industrial
Moderate Density Residential
Urbana, IA zones 1,277 acres across 9 districts. The largest single district is Agricultural at 35%. For commercial buyers the practical constraint is that only 22.6% of land carries a commercial or industrial designation.
Agricultural (A)
SECTION XVI "A" AGRICULTURAL DISTRICT REGULATIONS. All regulations set forth in this Section, or elsewhere in this ordinance which are applicable, shall apply in the A-Agricultural District. A. Use Regulations: A building or premises shall be used only for the following purposes: (1) Agriculture and the usual agricultural buildings and structures. (2) Truck…
Market overview
Demographics & Economy
Urbana, IA has 1,572 residents in 576 households. Density runs 494 people per square mile. Median household income here is $112,929 and median gross rent $774 a month.
1,572
Population
576
Households
2.7
Avg Household Size
34
Median Age
28%
College-Educated
97%
High-School Grad
3.2 sq mi
ZIP Area
494
Density / Sq Mi
$112,929
Median Household Income
$53,646
Median Earnings
$774
Median Rent
$225,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Vinton | — | — |
| Center Point | — | — |
| Walker | — | — |
| Shellsburg | — | — |
Commercial property in Urbana, IA asks $268/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Urbana?
Commercial property in Urbana, IA asks an average of $268 per square foot.
What zoning applies to commercial property in Urbana?
Urbana, IA zones 1,277 acres across 9 districts, of which 0% is commercial and 22.6% industrial. The largest single district is Agricultural at 35% of zoned land. SECTION XVI "A" AGRICULTURAL DISTRICT REGULATIONS. All regulations set forth in this Section, or elsewhere in this ordinance which are applicable, shall apply in the A-Agricultural District. A. Use Regulations: A building or premises shall be used only for the following purposes: (1) Agriculture and the usual agricultural buildings and structures. (2) Truck… Residential zoning covers 66.7% and open space 0%.
Where does Realmo's Urbana market data come from?
Realmo compiles Urbana, IA figures from 2 recent recorded sales, 14 active sale listings, 87 tracked off-market properties, the current Urbana zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 14 active for-sale and 0 active for-lease listings in Urbana, 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: 1,277 zoned acres across 9 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
