Commercial Real Estate Market in Decatur, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
29 active listings and 769 off-market properties in Decatur, IN.
Market Trends
Decatur, IN spans 172.4 square miles in Adams County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Decatur, 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 Decatur, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Decatur, 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 Decatur, 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 39.6%
- Industrial 25.2%
- Commercial 9.8%
Largest Zones share of zoned land by district
Residential Low Density
No Zoning
Industrial Expansion District
Residential Medium Density
General Commercial District
Decatur, IN zones 3,465 acres across 10 districts. Commercial zoning covers 9.8% of zoned land, residential 39.6% and industrial 25.2%. The largest single district is Residential Low Density at 29.8%. For commercial buyers the practical constraint is that only 35% of land carries a commercial or industrial designation.
Industrial Expansion District (I-2)
RS SUBURBAN RESIDENCE DISTRICT R-1 RESIDENCE DISTRICT R-2 RESIDENCE DISTRICT R-H HOMESTEAD DISTRICT C-1 LOCAL COMMERCIAL DISTRICT C-2 GENERAL COMMERCIAL DISTRICT C-3 ROADSIDE COMMERCIAL DISTRICT I-1 INDUSTRIAL DISTRICT I-2 INDUSTRIAL EXPANSION DISTRICT A - AGRICULTURAL DISTRICT PUD - PLANNED UNIT DEVELOPMENT SPECIAL EXCEPTION; PROCEDURE AND REQUIREMENTS CONT…
Market overview
Demographics & Economy
Decatur, IN has 18,669 residents in 8,307 households. Density runs 108 people per square mile. Median household income here is $63,804 and median gross rent $818 a month.
18,669
Population
8,307
Households
2.2
Avg Household Size
41
Median Age
16%
College-Educated
94%
High-School Grad
172.4 sq mi
ZIP Area
108
Density / Sq Mi
$63,804
Median Household Income
$41,394
Median Earnings
$818
Median Rent
$162,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Preble | — | — |
| Peterson | — | — |
| Pleasant Mills | — | — |
| Monroe | — | — |
Commercial property in Decatur, IN asks $152/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Decatur?
Commercial property in Decatur, IN asks an average of $152 per square foot.
What zoning applies to commercial property in Decatur?
Decatur, IN zones 3,465 acres across 10 districts, of which 9.8% is commercial and 25.2% industrial. The largest single district is Residential Low Density at 29.8% of zoned land. Residential zoning covers 39.6% and open space 0%.
Where does Realmo's Decatur market data come from?
Realmo compiles Decatur, IN figures from 23 active sale listings, 6 active lease listings, 769 tracked off-market properties, the current Decatur zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 23 active for-sale and 6 active for-lease listings in Decatur, 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: 3,465 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
