Commercial Real Estate Market in Ashley, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 192 off-market properties in Ashley, IN.
Market Trends
Ashley, IN spans 22.2 square miles in DeKalb County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Ashley, 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 Ashley, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Ashley, 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 Ashley, 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
- Industrial 64.9%
- Residential 27.6%
- Open space 5.1%
- Commercial 1.7%
- Planned_development 0.7%
Largest Zones share of zoned land by district
Industrial
Low Density Residential
Open Space
General Business
Planned Development
Ashley, IN zones 1,164 acres across 8 districts. Commercial zoning covers 1.7% of zoned land, residential 27.6%, open space 5.1% and industrial 64.9%. The largest single district is Industrial at 64.9%. For commercial buyers the practical constraint is that only 66.6% of land carries a commercial or industrial designation.
Industrial (IND)
The purpose of IND zone is to provide designates areas for the development and expansion of general industrial, manufacturing. and wholesale business establishments which are clean, quiet, and free of hazardous or objectionable elements
Market overview
Demographics & Economy
Ashley, IN has 1,716 residents in 830 households. Density runs 77 people per square mile. Median household income here is $62,232 and median gross rent $711 a month.
1,716
Population
830
Households
2.1
Avg Household Size
39
Median Age
20%
College-Educated
94%
High-School Grad
22.2 sq mi
ZIP Area
77
Density / Sq Mi
$62,232
Median Household Income
$36,045
Median Earnings
$711
Median Rent
$144,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Steubenville | — | — |
| Pleasant Lake | — | — |
| Golden Lake | — | — |
| Salem Center | — | — |
Commercial property in Ashley, IN asks $1/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Ashley?
Commercial property in Ashley, IN asks an average of $1 per square foot.
What zoning applies to commercial property in Ashley?
Ashley, IN zones 1,164 acres across 8 districts, of which 1.7% is commercial and 64.9% industrial. The largest single district is Industrial at 64.9% of zoned land. The purpose of IND zone is to provide designates areas for the development and expansion of general industrial, manufacturing. and wholesale business establishments which are clean, quiet, and free of hazardous or objectionable elements Residential zoning covers 27.6% and open space 5.1%.
Where does Realmo's Ashley market data come from?
Realmo compiles Ashley, IN figures from 4 active sale listings, 192 tracked off-market properties, the current Ashley zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 0 active for-lease listings in Ashley, 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: 1,164 zoned acres across 8 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
