Commercial Real Estate Market in Chesterfield, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 112 off-market properties in Chesterfield, IN.
Market Trends
Chesterfield, IN spans 17.7 square miles in Madison County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Chesterfield, 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 Chesterfield, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Chesterfield, 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 Chesterfield, 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 42.8%
- Commercial 26.8%
- Industrial 10.8%
Largest Zones share of zoned land by district
Residential
No Zoning
General Business
Enclosed Industrial
Residential
Chesterfield, IN zones 789 acres across 7 districts. Commercial zoning covers 26.8% of zoned land, residential 42.8% and industrial 10.8%. The largest single district is Residential at 30.5%. For commercial buyers the practical constraint is that only 37.6% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Chesterfield, IN has 5,930 residents in 2,386 households. Density runs 335 people per square mile. Median household income here is $72,468 and median gross rent $972 a month.
5,930
Population
2,386
Households
2.5
Avg Household Size
44
Median Age
19%
College-Educated
94%
High-School Grad
17.7 sq mi
ZIP Area
335
Density / Sq Mi
$72,468
Median Household Income
$40,140
Median Earnings
$972
Median Rent
$138,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Daleville | — | — |
| Anderson | — | $26.75 |
| Country Club Heights | — | — |
| Middletown | — | — |
Frequently Asked Questions
How much does it cost to lease commercial space in Chesterfield?
Asking lease rates in Chesterfield, IN average $11.23 per square foot per year.
What zoning applies to commercial property in Chesterfield?
Chesterfield, IN zones 789 acres across 7 districts, of which 26.8% is commercial and 10.8% industrial. The largest single district is Residential at 30.5% of zoned land. Residential zoning covers 42.8% and open space 0%.
Where does Realmo's Chesterfield market data come from?
Realmo compiles Chesterfield, IN figures from 3 active sale listings, 3 active lease listings, 112 tracked off-market properties, the current Chesterfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 3 active for-lease listings in Chesterfield, 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: 789 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
