Commercial Real Estate Market in Kendallville, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
48 active listings and 632 off-market properties in Kendallville, IN.
Market Trends
Kendallville, IN spans 74.9 square miles in Noble County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Kendallville, 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 Kendallville, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Kendallville, 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 Kendallville, 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
- Agricultural 48.2%
- Residential 40.4%
- Industrial 7.5%
- Commercial 3.4%
- Planned_development 0.1%
Largest Zones share of zoned land by district
Agricultural District
Suburban Residence
Single Family District
General Industrial District
Light Industrial District
Market overview
Demographics & Economy
Kendallville, IN has 15,721 residents in 6,857 households. Density runs 210 people per square mile. Median household income here is $66,034 and median gross rent $722 a month.
15,721
Population
6,857
Households
2.3
Avg Household Size
40
Median Age
17%
College-Educated
85%
High-School Grad
74.9 sq mi
ZIP Area
210
Density / Sq Mi
$66,034
Median Household Income
$41,567
Median Earnings
$722
Median Rent
$160,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lisbon | — | — |
| Wayne Center | — | — |
| Avilla | — | — |
| Rome City | — | — |
Commercial property in Kendallville, IN asks $33/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Kendallville?
Commercial property in Kendallville, IN asks an average of $33 per square foot.
Where does Realmo's Kendallville market data come from?
Realmo compiles Kendallville, IN figures from 43 active sale listings, 5 active lease listings, 632 tracked off-market properties, the current Kendallville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 43 active for-sale and 5 active for-lease listings in Kendallville, 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: 16,043 zoned acres across 15 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
