Commercial Real Estate Market in Charlestown, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
48 active listings and 421 off-market properties in Charlestown, IN. Commercial property asks $9,287/SF to buy and $15.33/SF/Yr to lease.
Market Trends
Charlestown, IN spans 86.0 square miles in Clark County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Charlestown, 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 Charlestown, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Charlestown, 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 Charlestown, 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 53.7%
- Residential 41%
- Commercial 4.7%
- Planned_development 0.7%
Largest Zones share of zoned land by district
Light Industrial
Agriculture
Residential
Rural Residential
Single Family Residential
Charlestown, IN zones 7,402 acres across 9 districts. Commercial zoning covers 4.7% of zoned land, residential 41% and industrial 53.7%. The largest single district is Light Industrial at 53.7%. For commercial buyers the practical constraint is that only 58.3% of land carries a commercial or industrial designation.
Agriculture (A-1)
D) Agriculture (A-1). 1. Purpose. The Agricultural (A-1) district is intended primarily for small farming development, with up to one residential dwelling and detached outbuildings for accessory uses on each tract. The purpose of this district is to maintain the rural and scenic qualities of the existing rural areas by preserving farm land & significant open…
Market overview
Demographics & Economy
Charlestown, IN has 16,972 residents in 7,011 households. Density runs 197 people per square mile. Median household income here is $93,418 and median gross rent $906 a month.
16,972
Population
7,011
Households
2.4
Avg Household Size
40
Median Age
28%
College-Educated
91%
High-School Grad
86 sq mi
ZIP Area
197
Density / Sq Mi
$93,418
Median Household Income
$51,170
Median Earnings
$906
Median Rent
$261,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Speed | — | — |
| Memphis | — | — |
| Goshen | — | — |
| Sellersburg | — | $16.26 |
Commercial property in Charlestown, IN asks $9,287/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Charlestown?
Commercial property in Charlestown, IN asks an average of $9,287 per square foot.
How much does it cost to lease commercial space in Charlestown?
Asking lease rates in Charlestown, IN average $15.33 per square foot per year.
What zoning applies to commercial property in Charlestown?
Charlestown, IN zones 7,402 acres across 9 districts, of which 4.7% is commercial and 53.7% industrial. The largest single district is Light Industrial at 53.7% of zoned land. Residential zoning covers 41% and open space 0%.
Where does Realmo's Charlestown market data come from?
Realmo compiles Charlestown, IN figures from 2 recent recorded sales, 33 active sale listings, 15 active lease listings, 421 tracked off-market properties, the current Charlestown zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 33 active for-sale and 15 active for-lease listings in Charlestown, 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: 7,402 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
