Commercial Real Estate Market in Elkhart, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
115 active listings and 4,473 off-market properties in Elkhart, IN.
Market Trends
Elkhart, IN spans 93.1 square miles in Elkhart County, Indiana. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Elkhart, IN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Elkhart, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily space in Elkhart, IN has a median asking sale price of $102/SF. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
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
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.
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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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Edwardsburg | $56 | — |
| Mishawaka | $76 | — |
| Goshen | $94 | — |
Commercial property in Elkhart, IN asks $87/SF. The 3 bordering markets run from $56/SF in Edwardsburg to $94/SF in Goshen, and the city sits above their $76/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Elkhart?
How does Elkhart compare to nearby markets on price?
What zoning applies to commercial property in Elkhart?
Where does Realmo's Elkhart market data come from?
Methodology & data sources
- Asking prices and medians
- There are 68 active for-sale and 47 active for-lease listings in Elkhart, IN. The sale median is based on 19 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
