Commercial Real Estate Market in Elkhart, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
206 active listings and 4,473 off-market properties in Elkhart, IN. Commercial property asks $70/SF to buy and $13.86/SF/Yr to lease.
Market Trends
Elkhart, IN spans 93.1 square miles in Elkhart County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Elkhart, 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 Elkhart, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Elkhart, 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 Elkhart, 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 36.6%
- Residential 35.3%
- Planned_development 17.7%
- Commercial 6.1%
- Civic 1.1%
- Mixed use 0%
Largest Zones share of zoned land by district
Limited Manufacturing District
Planned Unit Development District
One Family Dwelling District
One Family Dwelling District
General Manufacturing District
Elkhart, IN zones 16,342 acres across 18 districts. Commercial zoning covers 6.1% of zoned land, residential 35.3% and industrial 36.6%. The largest single district is Limited Manufacturing District at 21.4%. For commercial buyers the practical constraint is that only 42.6% of land carries a commercial or industrial designation.
Planned Unit Development District (PUD)
The purpose of this section is to improve and protect the public health, safety and welfare by pursuing to encourage innovations in land development and redevelopment, To foster the safe, efficient and economic use of the land, transportation, public facilities and services, To facilitate the provision of adequate public services such as transportation, wate…
Market overview
Demographics & Economy
Elkhart, IN has 99,724 residents in 42,039 households. Density runs 1,071 people per square mile. Median household income here is $57,420 and median gross rent $1,017 a month.
99,724
Population
42,039
Households
2.4
Avg Household Size
37
Median Age
18%
College-Educated
84%
High-School Grad
93.1 sq mi
ZIP Area
1,071
Density / Sq Mi
$57,420
Median Household Income
$38,821
Median Earnings
$1,017
Median Rent
$163,401
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Dunlap | — | — |
| Concord | — | — |
| Osceola | — | — |
| Granger | — | — |
Commercial property in Elkhart, IN asks $70/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Elkhart?
Commercial property in Elkhart, IN asks an average of $70 per square foot.
How much does it cost to lease commercial space in Elkhart?
Asking lease rates in Elkhart, IN average $13.86 per square foot per year.
What zoning applies to commercial property in Elkhart?
Elkhart, IN zones 16,342 acres across 18 districts, of which 6.1% is commercial and 36.6% industrial. The largest single district is Limited Manufacturing District at 21.4% of zoned land. Residential zoning covers 35.3% and open space 0%.
Where does Realmo's Elkhart market data come from?
Realmo compiles Elkhart, IN figures from 150 active sale listings, 56 active lease listings, 4,473 tracked off-market properties, the current Elkhart zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 150 active for-sale and 56 active for-lease listings in Elkhart, 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: 16,342 zoned acres across 18 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
