Commercial Real Estate Market in Greendale, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
462 active listings and 9,453 off-market properties in Greendale, IN. Commercial property asks $108/SF to buy and $13.25/SF/Yr to lease.
Market Trends
Greendale, IN spans 52.3 square miles in Allen County, Indiana. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Greendale, IN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Greendale, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Greendale, 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
Across Allen County, multifamily space asks $107/SF to buy. Multifamily vacancy in Greendale, 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 72.3%
- Commercial 13.8%
- Industrial 8.8%
- Open space 3.1%
- Mixed use 1.1%
- Planned_development 0.9%
Largest Zones share of zoned land by district
Greendale, IN zones 3,672 acres across 12 districts. Commercial zoning covers 13.8% of zoned land, residential 72.3%, open space 3.1% and industrial 8.8%. The largest single district is Suburban Residential at 47.8%. For commercial buyers the practical constraint is that only 22.6% of land carries a commercial or industrial designation.
Suburban Residential SR Urban Residential UR Trail-Oriented Residential TR Multi-Family Residential MFR Traditional Mixed-Use TMU Highway Mixed-Use HMU Neighborhood Commercial NC General Commercial GC Industrial - Flex Space IF Industrial IN 3. Overlay and Special Zoning Districts. Name of District Abbreviation Planned Unit Development District PUD Well Fiel…
Market overview
Demographics & Economy
Greendale, IN has 23,118 residents in 9,595 households. Density runs 442 people per square mile. Median household income here is $89,986 and median gross rent $773 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Greendale?
How much does it cost to lease commercial space in Greendale?
What zoning applies to commercial property in Greendale?
Where does Realmo's Greendale market data come from?
Methodology & data sources
- Asking prices and medians
- There are 274 active for-sale and 188 active for-lease listings in Greendale, IN. The medians are based on 133 of the for-sale and 24 of the for-lease listings, those that state a price or rent per square foot. 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: 3,672 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
