Commercial Real Estate Market in Butler, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
12 active listings and 353 off-market properties in Butler, IN.
Market Trends
Butler, IN spans 78.5 square miles in DeKalb County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Butler, 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 Butler, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Butler, 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 Butler, 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
- Agricultural 44.6%
- Industrial 25.2%
- Residential 16%
- Civic 8.8%
- Commercial 3%
- Open space 2.5%
Largest Zones share of zoned land by district
Agricultural
Heavy Industrial
Institutional And Office
Single Family Residential
Old Town Residential
Agricultural (AG)
The purpose of AG zone is to provide agricultural and has future development potential
Market overview
Demographics & Economy
Butler, IN has 4,907 residents in 2,075 households. Density runs 62 people per square mile. Median household income here is $67,969 and median gross rent $810 a month.
4,907
Population
2,075
Households
2.4
Avg Household Size
39
Median Age
12%
College-Educated
89%
High-School Grad
78.5 sq mi
ZIP Area
62
Density / Sq Mi
$67,969
Median Household Income
$41,796
Median Earnings
$810
Median Rent
$124,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Artic | — | — |
| Moore | — | — |
| Newville | — | — |
| Hamilton | — | — |
Commercial property in Butler, IN asks $27/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Butler?
Commercial property in Butler, IN asks an average of $27 per square foot.
Where does Realmo's Butler market data come from?
Realmo compiles Butler, IN figures from 12 active sale listings, 353 tracked off-market properties, the current Butler zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 12 active for-sale and 0 active for-lease listings in Butler, 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: 3,022 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
