Commercial Real Estate Market in Loogootee, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
31 active listings and 302 off-market properties in Loogootee, IN.
Market Trends
Loogootee, IN spans 138.6 square miles in Martin County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Loogootee, 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 Loogootee, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Loogootee, 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 Loogootee, 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 56.6%
- Commercial 23%
- Civic 12.2%
- Industrial 1.2%
Largest Zones share of zoned land by district
Single Family Residence
Neighborhood Business
Agricultural
General Business
No Zoning
Loogootee, IN zones 1,017 acres across 11 districts. Commercial zoning covers 23% of zoned land, residential 56.6% and industrial 1.2%. The largest single district is Single Family Residence at 52.6%. For commercial buyers the practical constraint is that only 24.2% of land carries a commercial or industrial designation.
Single Family Residence (R-1)
This district is intended for single family dwellings and limited public or quasi public uses by conditional use or special use permit
Market overview
Demographics & Economy
Loogootee, IN has 8,625 residents in 3,453 households. Density runs 62 people per square mile. Median household income here is $74,533 and median gross rent $688 a month.
8,625
Population
3,453
Households
2.5
Avg Household Size
38
Median Age
15%
College-Educated
84%
High-School Grad
138.6 sq mi
ZIP Area
62
Density / Sq Mi
$74,533
Median Household Income
$44,611
Median Earnings
$688
Median Rent
$197,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Scenic Hill | — | — |
| Cannelburg | — | — |
| Whitfield | — | — |
| Shoals | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Loogootee?
Loogootee, IN zones 1,017 acres across 11 districts, of which 23% is commercial and 1.2% industrial. The largest single district is Single Family Residence at 52.6% of zoned land. This district is intended for single family dwellings and limited public or quasi public uses by conditional use or special use permit Residential zoning covers 56.6% and open space 0%.
Where does Realmo's Loogootee market data come from?
Realmo compiles Loogootee, IN figures from 31 active sale listings, 302 tracked off-market properties, the current Loogootee zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 31 active for-sale and 0 active for-lease listings in Loogootee, 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: 1,017 zoned acres across 11 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
