Commercial Real Estate Market in Waukon, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
14 active listings and 425 off-market properties in Waukon, IA.
Market Trends
Waukon, IA spans 159.9 square miles in Allamakee County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Waukon, 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 Waukon, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Waukon, 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 Waukon, 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 51.9%
- Agricultural 20%
- Commercial 11.6%
- Industrial 10.5%
- Open space 5.9%
Largest Zones share of zoned land by district
Single And Two Family Residence District
Agricultural District
Single Family Residence District
Manufacturing District
General Business District
Waukon, IA zones 1,815 acres across 11 districts. Commercial zoning covers 11.6% of zoned land, residential 51.9%, open space 5.9% and industrial 10.5%. The largest single district is Single And Two Family Residence District at 29.5%. For commercial buyers the practical constraint is that only 22.1% of land carries a commercial or industrial designation.
Manufacturing District (M-1)
M-1 Manufacturing District Regulations 165.06 Exceptions and Modifications 165.24 PDD Planned Development District Regulations 165.07 General Regulations and Provisions 165.25 Aviation Protection 165.08 Off-Street Parking Requirements 165.26 Planning and Zoning Commission 165.09 Nonconforming Uses and Structures 165.27 Zoning Administrator 165.10 Conditional…
Market overview
Demographics & Economy
Waukon, IA has 6,097 residents in 2,923 households. Density runs 38 people per square mile. Median household income here is $65,801 and median gross rent $730 a month.
6,097
Population
2,923
Households
2.1
Avg Household Size
43
Median Age
19%
College-Educated
91%
High-School Grad
159.9 sq mi
ZIP Area
38
Density / Sq Mi
$65,801
Median Household Income
$41,391
Median Earnings
$730
Median Rent
$158,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ludlow | — | — |
| Rossville | — | — |
| Elon | — | — |
| Church | — | — |
Commercial property in Waukon, IA asks $146/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Waukon?
Commercial property in Waukon, IA asks an average of $146 per square foot. The 4 most recent recorded sales traded at a median of $112/SF, so asking sits 30% above the achieved median.
What zoning applies to commercial property in Waukon?
Waukon, IA zones 1,815 acres across 11 districts, of which 11.6% is commercial and 10.5% industrial. The largest single district is Single And Two Family Residence District at 29.5% of zoned land. Residential zoning covers 51.9% and open space 5.9%.
Where does Realmo's Waukon market data come from?
Realmo compiles Waukon, IA figures from 4 recent recorded sales, 14 active sale listings, 425 tracked off-market properties, the current Waukon 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 Waukon, 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: 1,815 zoned acres across 11 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
