Commercial Real Estate Market in Larwill, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 32 off-market properties in Larwill, IN.
Market Trends
Larwill, IN spans 32.2 square miles in Whitley County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Larwill, 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 Larwill, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Larwill, 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 Larwill, 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 73.7%
- Commercial 26.3%
Largest Zones share of zoned land by district
Rural Residential
General Commercial
Village Commercial
Larwill, IN zones 87 acres across 3 districts. Commercial zoning covers 26.3% of zoned land, residential 73.7%. The largest single district is Rural Residential at 73.7%. For commercial buyers the practical constraint is that only 26.3% of land carries a commercial or industrial designation.
Rural Residential (RR)
The RR (Rural Residential) District is intended to provide a land use category for single family detached homes in and around the village centers
Market overview
Demographics & Economy
Larwill, IN has 1,379 residents in 607 households. Density runs 43 people per square mile. Median household income here is $66,818 and median gross rent $1,023 a month.
1,379
Population
607
Households
2.3
Avg Household Size
41
Median Age
20%
College-Educated
96%
High-School Grad
32.2 sq mi
ZIP Area
43
Density / Sq Mi
$66,818
Median Household Income
$46,875
Median Earnings
$1,023
Median Rent
$226,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lorane | — | — |
| Pierceton | — | — |
| South Whitley | — | — |
| Columbia City | — | — |
Commercial property in Larwill, IN asks $236/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Larwill?
Commercial property in Larwill, IN asks an average of $236 per square foot.
What zoning applies to commercial property in Larwill?
Larwill, IN zones 87 acres across 3 districts, of which 26.3% is commercial and 0% industrial. The largest single district is Rural Residential at 73.7% of zoned land. The RR (Rural Residential) District is intended to provide a land use category for single family detached homes in and around the village centers Residential zoning covers 73.7% and open space 0%.
Where does Realmo's Larwill market data come from?
Realmo compiles Larwill, IN figures from 4 active sale listings, 32 tracked off-market properties, the current Larwill zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 0 active for-lease listings in Larwill, 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: 87 zoned acres across 3 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
