Commercial Real Estate Market in Ligonier, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 270 off-market properties in Ligonier, IN.
Market Trends
Ligonier, IN spans 67.8 square miles in Noble County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Ligonier, 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 Ligonier, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Ligonier, 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 Ligonier, 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 83.9%
- Residential 7.1%
- Industrial 6.8%
- Open space 1.1%
- Planned_development 1%
- Commercial 0.3%
Largest Zones share of zoned land by district
Agriculture
Residence Districts 2
General Industrial
General Business
Conservancy
Agriculture (A)
The purpose of A zone is to provide substantial areas where little or no urbanization has occurred or is likely to occur in the near future and where the predominant use of land involves crop production, raising livestock or similar farming
Market overview
Demographics & Economy
Ligonier, IN has 8,599 residents in 3,209 households. Density runs 127 people per square mile. Median household income here is $75,827 and median gross rent $872 a month.
8,599
Population
3,209
Households
2.7
Avg Household Size
30
Median Age
9%
College-Educated
59%
High-School Grad
67.8 sq mi
ZIP Area
127
Density / Sq Mi
$75,827
Median Household Income
$45,377
Median Earnings
$872
Median Rent
$186,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cromwell | — | — |
| Wawaka | — | — |
| Cosperville | — | — |
| Topeka | — | — |
Commercial property in Ligonier, IN asks $88/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Ligonier?
Commercial property in Ligonier, IN asks an average of $88 per square foot.
Where does Realmo's Ligonier market data come from?
Realmo compiles Ligonier, IN figures from 6 active sale listings, 270 tracked off-market properties, the current Ligonier zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 0 active for-lease listings in Ligonier, 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: 11,688 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
