Commercial Real Estate Market in Andrews, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 88 off-market properties in Andrews, IN.
Market Trends
Andrews, IN spans 41.9 square miles in Huntington County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Andrews, 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 Andrews, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Andrews, 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 Andrews, 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 53%
- Industrial 36.8%
- Commercial 8.7%
- Open space 1.5%
Largest Zones share of zoned land by district
Residential High Density
Light Manufacturing
Residential Medium Density
Central Business
General Business
Andrews, IN zones 325 acres across 9 districts. Commercial zoning covers 8.7% of zoned land, residential 53%, open space 1.5% and industrial 36.8%. The largest single district is Residential High Density at 36.4%. For commercial buyers the practical constraint is that only 45.5% of land carries a commercial or industrial designation.
Residential High Density (R-8)
SECTION 905: RESIDENTIAL HIGH DENSITY (R-8) DISTRICT A. The residential high density district is intended to be a highly dense residential district. It is the intent of this Section to allow single family, two-family, and multi-family dwelling units and uses servicing the needs of a highly dense residential area. B. The permitted principal uses are: 1. Dwell…
Market overview
Demographics & Economy
Andrews, IN has 2,172 residents in 926 households. Density runs 52 people per square mile. Median household income here is $64,792 and median gross rent $681 a month.
2,172
Population
926
Households
2.3
Avg Household Size
44
Median Age
13%
College-Educated
94%
High-School Grad
41.9 sq mi
ZIP Area
52
Density / Sq Mi
$64,792
Median Household Income
$40,753
Median Earnings
$681
Median Rent
$124,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lagro | — | — |
| Huntington | — | — |
| Bippus | — | — |
| Simpson | — | — |
Commercial property in Andrews, IN asks $51/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Andrews?
Commercial property in Andrews, IN asks an average of $51 per square foot.
What zoning applies to commercial property in Andrews?
Andrews, IN zones 325 acres across 9 districts, of which 8.7% is commercial and 36.8% industrial. The largest single district is Residential High Density at 36.4% of zoned land. SECTION 905: RESIDENTIAL HIGH DENSITY (R-8) DISTRICT A. The residential high density district is intended to be a highly dense residential district. It is the intent of this Section to allow single family, two-family, and multi-family dwelling units and uses servicing the needs of a highly dense residential area. B. The permitted principal uses are: 1. Dwell… Residential zoning covers 53% and open space 1.5%.
Where does Realmo's Andrews market data come from?
Realmo compiles Andrews, IN figures from 6 active sale listings, 88 tracked off-market properties, the current Andrews zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 0 active for-lease listings in Andrews, 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: 325 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
