Commercial Real Estate Market in Wahpeton, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 57 off-market properties in Wahpeton, IA.
Market Trends
Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Wahpeton, 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 Wahpeton, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Wahpeton, 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 space in Wahpeton, IA asks $262/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Civic 57.8%
- Residential 36.1%
- Commercial 6.1%
Largest Zones share of zoned land by district
Institutional District
Residential District
Lake Frontage Residential
Commercial District
Institutional District (I)
All such permits shall be issued only upon compliance with and fulfillment of all the standards, conditions and requirements contained in this Chapter or imposed by the Board of Adjustment. 3. Lakeshore Set Back. In the I-Institutional District no structures, except those permitted in the LF-Lake Frontage Residential District, shall be permitted in that area…
Market overview
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| West Okoboji | — | — |
| Okoboji | — | — |
| Arnolds Park | — | — |
| Egralharve | — | — |
Frequently Asked Questions
Where does Realmo's Wahpeton market data come from?
Realmo compiles Wahpeton, IA figures from 2 active sale listings, 2 active lease listings, 57 tracked off-market properties, the current Wahpeton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 2 active for-lease listings in Wahpeton, 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: 771 zoned acres across 4 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
