Commercial Real Estate Market in Frankfort, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
29 active listings and 981 off-market properties in Frankfort, IN. Commercial property asks $174/SF to buy and $9.76/SF/Yr to lease.
Market Trends
Frankfort, IN spans 274.9 square miles in Clinton County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Frankfort, 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 Frankfort, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Frankfort, 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 48%
- Industrial 34.3%
- Commercial 13.6%
- Civic 3.1%
- Planned_development 1%
Largest Zones share of zoned land by district
Industrial
Medium Density Residential
Low Density Residential
Agricultural
Roadside Business
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.
Medium Density Residential (BRES)
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.
26,377
Population
10,748
Households
2.5
Avg Household Size
38
Median Age
17%
College-Educated
84%
High-School Grad
274.9 sq mi
ZIP Area
96
Density / Sq Mi
$62,019
Median Household Income
$40,029
Median Earnings
$891
Median Rent
$153,261
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hillisburg | — | — |
| Michigantown | — | — |
| Boyleston | — | — |
| Mulberry | — | — |
Commercial property in Frankfort, IN asks $174/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Frankfort?
Commercial property in Frankfort, IN asks an average of $174 per square foot.
How much does it cost to lease commercial space in Frankfort?
Asking lease rates in Frankfort, IN average $9.76 per square foot per year.
What zoning applies to commercial property in Frankfort?
Frankfort, IN zones 6,297 acres across 12 districts, of which 13.6% is commercial and 34.3% industrial. The largest single district is Industrial at 34.3% of zoned land. Residential zoning covers 48% and open space 0%.
Where does Realmo's Frankfort market data come from?
Realmo compiles Frankfort, IN figures from 24 active sale listings, 5 active lease listings, 981 tracked off-market properties, the current Frankfort zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 24 active for-sale and 5 active for-lease listings in Frankfort, 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: 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 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
