Commercial Real Estate Market in Alexandria, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
18 active listings and 381 off-market properties in Alexandria, IN.
Market Trends
Alexandria, IN spans 77.2 square miles in Madison County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Alexandria, IN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Alexandria, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Alexandria, 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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Alexandria, IN 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 59.9%
- Industrial 39.8%
- Open space 0.3%
- Commercial 0%
Largest Zones share of zoned land by district
Residential
Industrial
Residential
Business
Business
Alexandria, IN zones 1,656 acres across 7 districts. Commercial zoning covers 0% of zoned land, residential 59.9%, open space 0.3% and industrial 39.8%. The largest single district is Residential at 42.8%. For commercial buyers the practical constraint is that only 39.8% of land carries a commercial or industrial designation.
Residential (R1)
The purpose of this district is to create an attractive, stable, and orderly residential environment, however, the families per dwelling and the lot and yard requirements are different in the two districts to provide for the various housing needs and desires of the citizens
Market overview
Demographics & Economy
Alexandria, IN has 10,676 residents in 5,065 households. Density runs 138 people per square mile. Median household income here is $66,379 and median gross rent $875 a month.
10,676
Population
5,065
Households
2.1
Avg Household Size
43
Median Age
21%
College-Educated
91%
High-School Grad
77.2 sq mi
ZIP Area
138
Density / Sq Mi
$66,379
Median Household Income
$42,283
Median Earnings
$875
Median Rent
$136,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Orestes | — | — |
| Summitville | — | — |
| Frankton | — | — |
| Elwood | — | — |
Commercial property in Alexandria, IN asks $1/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Alexandria?
Commercial property in Alexandria, IN asks an average of $1 per square foot.
What zoning applies to commercial property in Alexandria?
Alexandria, IN zones 1,656 acres across 7 districts, of which 0% is commercial and 39.8% industrial. The largest single district is Residential at 42.8% of zoned land. The purpose of this district is to create an attractive, stable, and orderly residential environment, however, the families per dwelling and the lot and yard requirements are different in the two districts to provide for the various housing needs and desires of the citizens Residential zoning covers 59.9% and open space 0.3%.
Where does Realmo's Alexandria market data come from?
Realmo compiles Alexandria, IN figures from 15 active sale listings, 3 active lease listings, 381 tracked off-market properties, the current Alexandria zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 15 active for-sale and 3 active for-lease listings in Alexandria, IN. 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: 1,656 zoned acres across 7 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
