Commercial Real Estate Market in Greenfield, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
90 active listings and 966 off-market properties in Greenfield, IN. Commercial property asks $63/SF to buy and $16.00/SF/Yr to lease.
Market Trends
Greenfield, IN spans 172.5 square miles in Hancock County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Greenfield, 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 Greenfield, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Greenfield, 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 Greenfield, 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 52%
- Industrial 21.8%
- Commercial 10.9%
- Planned_development 6.9%
- Civic 4.6%
- Open space 3.8%
Largest Zones share of zoned land by district
Residential Moderate Density
Residential Low Density
Business Park
Residential Urban Density
Planned Unit Development
Greenfield, IN zones 9,072 acres across 13 districts. Commercial zoning covers 10.9% of zoned land, residential 52%, open space 3.8% and industrial 21.8%. The largest single district is Residential Moderate Density at 40.4%. For commercial buyers the practical constraint is that only 32.7% of land carries a commercial or industrial designation.
Residential Moderate Density (RM)
The purpose of RM zone is intended a mix of traditional single family residential developments and multi unit developments
Market overview
Demographics & Economy
Greenfield, IN has 41,708 residents in 18,167 households. Density runs 242 people per square mile. Median household income here is $82,850 and median gross rent $1,099 a month.
41,708
Population
18,167
Households
2.3
Avg Household Size
42
Median Age
27%
College-Educated
93%
High-School Grad
172.5 sq mi
ZIP Area
242
Density / Sq Mi
$82,850
Median Household Income
$47,837
Median Earnings
$1,099
Median Rent
$227,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Spring Lake | — | — |
| Maxwell | — | — |
| Carrollton | — | — |
| Fountaintown | — | — |
Commercial property in Greenfield, IN asks $63/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Greenfield?
Commercial property in Greenfield, IN asks an average of $63 per square foot.
How much does it cost to lease commercial space in Greenfield?
Asking lease rates in Greenfield, IN average $16.00 per square foot per year.
What zoning applies to commercial property in Greenfield?
Greenfield, IN zones 9,072 acres across 13 districts, of which 10.9% is commercial and 21.8% industrial. The largest single district is Residential Moderate Density at 40.4% of zoned land. The purpose of RM zone is intended a mix of traditional single family residential developments and multi unit developments Residential zoning covers 52% and open space 3.8%.
Where does Realmo's Greenfield market data come from?
Realmo compiles Greenfield, IN figures from 2 recent recorded sales, 64 active sale listings, 26 active lease listings, 966 tracked off-market properties, the current Greenfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 64 active for-sale and 26 active for-lease listings in Greenfield, 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: 9,072 zoned acres across 13 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
