Commercial Real Estate Market in Lowell, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
107 active listings and 424 off-market properties in Lowell, IN.
Market Trends
Lowell, IN spans 112.5 square miles in Lake County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Lowell, IN asks $154/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Retail
Retail space in Lowell, IN asks $126/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Lowell, 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 Lowell, IN asks $173/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
- Commercial 87.6%
- Industrial 6%
- Planned_development 4.9%
- Mixed use 1.5%
Largest Zones share of zoned land by district
Residence
Residence
Agriculture
Residence
Light Industrial
Lowell, IN zones 4,143 acres across 11 districts. Commercial zoning covers 87.6% of zoned land, industrial 6%. The largest single district is Residence at 32.6%. For commercial buyers the practical constraint is that only 93.6% of land carries a commercial or industrial designation.
Residence (R-2)
R2 - Residence District: This district is established to provide for the medium density development of medium-sized single-family detached homes on medium-sized lots. (D)
Market overview
Demographics & Economy
Lowell, IN has 18,668 residents in 7,290 households. Density runs 166 people per square mile. Median household income here is $87,535 and median gross rent $1,190 a month.
18,668
Population
7,290
Households
2.6
Avg Household Size
41
Median Age
20%
College-Educated
96%
High-School Grad
112.5 sq mi
ZIP Area
166
Density / Sq Mi
$87,535
Median Household Income
$51,151
Median Earnings
$1,190
Median Rent
$256,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| North Hayden | — | — |
| Schneider | — | — |
| Shelby | — | — |
| Sumava Resorts | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Lowell?
Lowell, IN zones 4,143 acres across 11 districts, of which 87.6% is commercial and 6% industrial. The largest single district is Residence at 32.6% of zoned land. R2 - Residence District: This district is established to provide for the medium density development of medium-sized single-family detached homes on medium-sized lots. (D) Residential zoning covers 0% and open space 0%.
Where does Realmo's Lowell market data come from?
Realmo compiles Lowell, IN figures from 97 active sale listings, 10 active lease listings, 424 tracked off-market properties, the current Lowell zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 97 active for-sale and 10 active for-lease listings in Lowell, 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: 4,143 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
