Commercial Real Estate Market in Greensburg, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
17 active listings and 853 off-market properties in Greensburg, IN.
Market Trends
Greensburg, IN spans 303.5 square miles in Decatur County, Indiana. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Greensburg, IN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Greensburg, IN has a median asking sale price of $54/SF (based on 4 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily vacancy in Greensburg, 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
- Industrial 43%
- Residential 37.5%
- Commercial 14.6%
- Open space 1.7%
- Mixed use 1.6%
Largest Zones share of zoned land by 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 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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Greensburg?
What zoning applies to commercial property in Greensburg?
Where does Realmo's Greensburg market data come from?
Methodology & data sources
- Asking prices and medians
- There are 10 active for-sale and 7 active for-lease listings in Greensburg, IN. The sale median is based on 5 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. 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: 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 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
