Commercial Real Estate Market in Lagro, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Lagro, IN spans 26.0 square miles in Wabash County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lagro, 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 Lagro, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Lagro, 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 Lagro, 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 68.5%
- Agricultural 19.5%
- Open space 5.2%
- Commercial 3.9%
- Industrial 2.9%
Largest Zones share of zoned land by district
Residential 2
Agriculture 1
Residential 1
Residential 3
Forest Recreation And Conservation
Lagro, IN zones 432 acres across 7 districts. Commercial zoning covers 3.9% of zoned land, residential 68.5%, open space 5.2% and industrial 2.9%. The largest single district is Residential 2 at 45.9%. For commercial buyers the practical constraint is that only 6.8% of land carries a commercial or industrial designation.
Agriculture 1 (A1)
Agriculture 1 A1 Agriculture 2 A2 Forest, Recreation, Conservation FRC General Business GB Industrial I Lake Residential 1 LR1 Residential 1 R1 12.2.2. Color and Finish. All WECS turbines shall be white, light grey, or another non- obtrusive color. Finishes shall be matt or non-reflective. Must meet all applicable FAA color requirements. 12.2.3. Modification…
Market overview
Demographics & Economy
Lagro, IN has 1,123 residents in 424 households. Density runs 43 people per square mile. Median household income here is $77,019 and median gross rent $935 a month.
1,123
Population
424
Households
2.6
Avg Household Size
47
Median Age
20%
College-Educated
82%
High-School Grad
26 sq mi
ZIP Area
43
Density / Sq Mi
$77,019
Median Household Income
$42,500
Median Earnings
$935
Median Rent
$162,800
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Lagro?
Lagro, IN zones 432 acres across 7 districts, of which 3.9% is commercial and 2.9% industrial. The largest single district is Residential 2 at 45.9% of zoned land. Residential zoning covers 68.5% and open space 5.2%.
Methodology & data sources
- 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: 432 zoned acres across 7 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
