Commercial Real Estate Market in Frankfort, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
13 active listings and 981 off-market properties in Frankfort, IN.
Market Trends
Frankfort, IN spans 274.9 square miles in Clinton County, Indiana. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Frankfort, IN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Frankfort, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Frankfort, 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 vacancy in Frankfort, IN 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
- Residential 48%
- Industrial 34.3%
- Commercial 13.6%
- Civic 3.1%
- Planned_development 1%
Largest Zones share of zoned land by district
Frankfort, IN zones 6,297 acres across 12 districts. Commercial zoning covers 13.6% of zoned land, residential 48% and industrial 34.3%. The largest single district is Industrial at 34.3%. For commercial buyers the practical constraint is that only 47.9% of land carries a commercial or industrial designation.
This district includes areas of primary single family dwellings in Frankfort which have historically developed at a higher density. Density should not exceed six single family dwelling units per acre. On the zoning map, medium density residential areas include most of the former B Residential areas and former C residential areas.
Market overview
Demographics & Economy
Frankfort, IN has 26,377 residents in 10,748 households. Density runs 96 people per square mile. Median household income here is $62,019 and median gross rent $891 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Frankfort?
What zoning applies to commercial property in Frankfort?
Where does Realmo's Frankfort market data come from?
Methodology & data sources
- Asking prices and medians
- There are 9 active for-sale and 4 active for-lease listings in Frankfort, IN. The sale median is based on 5 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: 6,297 zoned acres across 12 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
