Commercial Real Estate Market in Albion, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
6 active listings and 260 off-market properties in Albion, IN.
Market Trends
Albion, IN spans 96.8 square miles in Noble County, Indiana. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Albion, IN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Albion, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Albion, IN runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Multifamily
Multifamily vacancy in Albion, IN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Commercial 89.9%
- Residential 5.7%
- Industrial 4.1%
- Civic 0.3%
Largest Zones share of zoned land by district
Albion, IN zones 10,063 acres across 13 districts. Commercial zoning covers 89.9% of zoned land, residential 5.7% and industrial 4.1%. The largest single district is Agricultural at 89.2%. For commercial buyers the practical constraint is that only 94% of land carries a commercial or industrial designation.
The A District is intended to be used as follows: General agricultural operations; Enact development standards to maximize protection of common agricultural practices; Use this zoning district for existing agricultural land; Protect the land and operations within the A District from the encroachment of residential and commercial development through the use o…
Market overview
Demographics & Economy
Albion, IN has 7,687 residents in 3,386 households. Density runs 79 people per square mile. Median household income here is $76,813 and median gross rent $835 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Albion?
What zoning applies to commercial property in Albion?
Where does Realmo's Albion market data come from?
Methodology & data sources
- Asking prices and medians
- There are 6 active for-sale and 0 active for-lease listings in Albion, IN. The sale median is based on 3 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 10,063 zoned acres across 13 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
