Commercial Real Estate Market in Lakeville, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 117 off-market properties in Lakeville, IN.
Market Trends
Lakeville, IN spans 29.3 square miles in St. Joseph County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lakeville, 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 Lakeville, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Lakeville, 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 space in Lakeville, IN asks $177/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Civic 49.9%
- Commercial 29.5%
- Industrial 12.2%
Largest Zones share of zoned land by district
Single Family Residential
Commercial
General Industrial
Town Center
Multifamily Residential
Single Family Residential (R1)
Single Family Residential R1 Multi-Family Residential R2 Office Buffer OB Town Center TC Commercial C General Industrial GI RESERVED Order of Districts 2.02 The districts listed in Section 2.01 Establishment of Districts, above, are ranked in the order from the "least intense" district on the top, through each successively "more intense" district as the list…
Market overview
Demographics & Economy
Lakeville, IN has 3,257 residents in 1,455 households. Density runs 111 people per square mile. Median household income here is $77,411 and median gross rent $799 a month.
3,257
Population
1,455
Households
2.2
Avg Household Size
42
Median Age
19%
College-Educated
95%
High-School Grad
29.3 sq mi
ZIP Area
111
Density / Sq Mi
$77,411
Median Household Income
$52,561
Median Earnings
$799
Median Rent
$208,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| La Paz | — | — |
| Wyatt | — | — |
| Bremen | — | — |
| North Liberty | — | — |
Commercial property in Lakeville, IN asks $20/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lakeville?
Commercial property in Lakeville, IN asks an average of $20 per square foot. Multifamily carries the highest asking price at $177/SF.
Where does Realmo's Lakeville market data come from?
Realmo compiles Lakeville, IN figures from 3 active sale listings, 1 active lease listings, 117 tracked off-market properties, the current Lakeville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 1 active for-lease listings in Lakeville, 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: 407 zoned acres across 6 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
