Commercial Real Estate Market in Lowell, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
20 active listings and 424 off-market properties in Lowell, IN. Commercial property asks $182/SF to buy (based on 9 listings) and $14.06/SF/Yr to lease (based on 6 listings).
Market Trends
Lowell, IN spans 112.5 square miles in Lake County, Indiana. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Lowell, IN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Lowell, IN has a median asking sale price of $206/SF (based on 4 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily vacancy in Lowell, IN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
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
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.
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Lowell?
How much does it cost to lease commercial space in Lowell?
What zoning applies to commercial property in Lowell?
Where does Realmo's Lowell market data come from?
Methodology & data sources
- Asking prices and medians
- There are 13 active for-sale and 7 active for-lease listings in Lowell, IN. The medians are based on 9 of the for-sale and 6 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
