Commercial Real Estate Market in Greensburg, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
45 active listings and 853 off-market properties in Greensburg, IN. Commercial property asks $72/SF to buy and $6.42/SF/Yr to lease.
Market Trends
Greensburg, IN spans 303.5 square miles in Decatur County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Greensburg, 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 Greensburg, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Greensburg, 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 Greensburg, 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
- Industrial 43%
- Residential 37.5%
- Commercial 14.6%
- Open space 1.7%
- Mixed use 1.6%
Largest Zones share of zoned land by district
Heavy Industrial District
One Or Two Family Residential District
Light Industrial District
Heavy Commercial District
One Family Residential District
Greensburg, IN zones 5,304 acres across 10 districts. Commercial zoning covers 14.6% of zoned land, residential 37.5%, open space 1.7% and industrial 43%. The largest single district is Heavy Industrial District at 30.9%. For commercial buyers the practical constraint is that only 57.7% of land carries a commercial or industrial designation.
Heavy Industrial District (I2)
Heavy Industrial District I-2 CITY OF GREENSBURG | 2023 UNIFIED DEVELOPMENT ORDINANCE PAGE 9 i. Unlisted Use is Similar to a Listed Use. If the desired land use is determined to be similar to a listed land use, the respective process and development standards for the similar use shall be followed. ii. Unlisted Use is Not Similar to a Listed Use. If the Admin…
Market overview
Demographics & Economy
Greensburg, IN has 21,940 residents in 9,565 households. Density runs 72 people per square mile. Median household income here is $74,373 and median gross rent $830 a month.
21,940
Population
9,565
Households
2.3
Avg Household Size
41
Median Age
19%
College-Educated
91%
High-School Grad
303.5 sq mi
ZIP Area
72
Density / Sq Mi
$74,373
Median Household Income
$46,430
Median Earnings
$830
Median Rent
$201,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Williamstown | — | — |
| Adams | — | — |
| Sandusky | — | — |
| Kingston | — | — |
Commercial property in Greensburg, IN asks $72/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Greensburg?
Commercial property in Greensburg, IN asks an average of $72 per square foot.
How much does it cost to lease commercial space in Greensburg?
Asking lease rates in Greensburg, IN average $6.42 per square foot per year.
What zoning applies to commercial property in Greensburg?
Greensburg, IN zones 5,304 acres across 10 districts, of which 14.6% is commercial and 43% industrial. The largest single district is Heavy Industrial District at 30.9% of zoned land. Heavy Industrial District I-2 CITY OF GREENSBURG | 2023 UNIFIED DEVELOPMENT ORDINANCE PAGE 9 i. Unlisted Use is Similar to a Listed Use. If the desired land use is determined to be similar to a listed land use, the respective process and development standards for the similar use shall be followed. ii. Unlisted Use is Not Similar to a Listed Use. If the Admin… Residential zoning covers 37.5% and open space 1.7%.
Where does Realmo's Greensburg market data come from?
Realmo compiles Greensburg, IN figures from 37 active sale listings, 8 active lease listings, 853 tracked off-market properties, the current Greensburg zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 37 active for-sale and 8 active for-lease listings in Greensburg, 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: 5,304 zoned acres across 10 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
