Commercial Real Estate Market in Cloverdale, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
9 active listings and 214 off-market properties in Cloverdale, IN.
Market Trends
Cloverdale, IN spans 91.7 square miles in Putnam County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Cloverdale, 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 Cloverdale, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Cloverdale, 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 Cloverdale, 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 68.7%
- Commercial 20.8%
- Civic 4.1%
- Mixed use 3.5%
- Industrial 3%
Largest Zones share of zoned land by district
Agriculture
Residential
General Commercial
Highway Commercial
Residential
Cloverdale, IN zones 2,308 acres across 10 districts. Commercial zoning covers 20.8% of zoned land, residential 68.7% and industrial 3%. The largest single district is Agriculture at 32.6%. For commercial buyers the practical constraint is that only 23.8% of land carries a commercial or industrial designation.
Agriculture (A2)
The Agriculture district is established to permit the full range of agricultural activities as well as limited residential uses located to minimize their impact on agricultural uses. Standards for residential uses in the agriculture district are different than those in residential districts to allow homes to be placed where they best protect the agricultural…
Market overview
Demographics & Economy
Cloverdale, IN has 5,891 residents in 3,045 households. Density runs 64 people per square mile. Median household income here is $55,192 and median gross rent $841 a month.
5,891
Population
3,045
Households
1.9
Avg Household Size
45
Median Age
15%
College-Educated
90%
High-School Grad
91.7 sq mi
ZIP Area
64
Density / Sq Mi
$55,192
Median Household Income
$37,409
Median Earnings
$841
Median Rent
$166,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cunot | — | — |
| Belle Union | — | — |
| Putnamville | — | — |
| Cataract | — | — |
Commercial property in Cloverdale, IN asks $360/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Cloverdale?
Commercial property in Cloverdale, IN asks an average of $360 per square foot.
What zoning applies to commercial property in Cloverdale?
Cloverdale, IN zones 2,308 acres across 10 districts, of which 20.8% is commercial and 3% industrial. The largest single district is Agriculture at 32.6% of zoned land. The Agriculture district is established to permit the full range of agricultural activities as well as limited residential uses located to minimize their impact on agricultural uses. Standards for residential uses in the agriculture district are different than those in residential districts to allow homes to be placed where they best protect the agricultural… Residential zoning covers 68.7% and open space 0%.
Where does Realmo's Cloverdale market data come from?
Realmo compiles Cloverdale, IN figures from 2 recent recorded sales, 8 active sale listings, 1 active lease listings, 214 tracked off-market properties, the current Cloverdale zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 8 active for-sale and 1 active for-lease listings in Cloverdale, 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: 2,308 zoned acres across 10 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
