Commercial Real Estate Market in Frankton, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 138 off-market properties in Frankton, IN.
Market Trends
Frankton, IN spans 21.6 square miles in Madison County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Frankton, 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 Frankton, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Frankton, 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 Frankton, 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
- Commercial 44.2%
- Residential 33.8%
- Civic 17.8%
- Industrial 3.6%
- Mixed use 0.7%
Largest Zones share of zoned land by district
Single Family Residential Traditional
Institutional And Social
Agricultural
Single Family Residential Suburban
Multifamily Residential
Frankton, IN zones 543 acres across 9 districts. Commercial zoning covers 44.2% of zoned land, residential 33.8% and industrial 3.6%. The largest single district is Single Family Residential Traditional at 42.9%. For commercial buyers the practical constraint is that only 47.8% of land carries a commercial or industrial designation.
Single Family Residential Traditional (R2)
The, Single Family Residential District is intended to promote the building of pedestrian friendly neighborhoods in a traditional development style, the plan commission should strive to encourage development in this zone that is of higher densities to help promote a pedestrian friendly downtown
Market overview
Demographics & Economy
Frankton, IN has 2,912 residents in 1,121 households. Density runs 135 people per square mile. Median household income here is $75,125 and median gross rent $1,021 a month.
2,912
Population
1,121
Households
2.6
Avg Household Size
42
Median Age
15%
College-Educated
93%
High-School Grad
21.6 sq mi
ZIP Area
135
Density / Sq Mi
$75,125
Median Household Income
$46,155
Median Earnings
$1,021
Median Rent
$159,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Orestes | — | — |
| Elwood | — | — |
| Aroma | — | — |
| New Lancaster | — | — |
Commercial property in Frankton, IN asks $214/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Frankton?
Commercial property in Frankton, IN asks an average of $214 per square foot.
What zoning applies to commercial property in Frankton?
Frankton, IN zones 543 acres across 9 districts, of which 44.2% is commercial and 3.6% industrial. The largest single district is Single Family Residential Traditional at 42.9% of zoned land. The, Single Family Residential District is intended to promote the building of pedestrian friendly neighborhoods in a traditional development style, the plan commission should strive to encourage development in this zone that is of higher densities to help promote a pedestrian friendly downtown Residential zoning covers 33.8% and open space 0%.
Where does Realmo's Frankton market data come from?
Realmo compiles Frankton, IN figures from 4 active sale listings, 138 tracked off-market properties, the current Frankton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 0 active for-lease listings in Frankton, 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: 543 zoned acres across 9 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
