Commercial Real Estate Market in Lynn, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 116 off-market properties in Lynn, IN.
Market Trends
Lynn, IN spans 63.0 square miles in Randolph County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lynn, 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 Lynn, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Lynn, 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 Lynn, 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 53.9%
- Industrial 45.1%
- Commercial 1%
Largest Zones share of zoned land by district
Residential High Density Urban
General Industrial
Community Commercial
Residential Medium Density
Regional Commercial
Lynn, IN zones 448 acres across 6 districts. Commercial zoning covers 1% of zoned land, residential 53.9% and industrial 45.1%. The largest single district is Residential High Density Urban at 48.4%. For commercial buyers the practical constraint is that only 46.1% of land carries a commercial or industrial designation.
Residential High Density Urban (R-2)
Residential, High Density, Urban (R2) Residential, High Density (R3) Neighborhood Commercial (C1) Randolph County Unified Zoning Ordinance 199 ARTICLE XVII Tower Regulations 17.0 Intent The intent of the following standards is to provide sensible and reasonable use of land for towers such as telecommunication (radio, television, cellular, and etc.) and/or pr…
Market overview
Demographics & Economy
Lynn, IN has 2,546 residents in 1,420 households. Density runs 40 people per square mile. Median household income here is $65,172 and median gross rent $712 a month.
2,546
Population
1,420
Households
1.8
Avg Household Size
44
Median Age
11%
College-Educated
92%
High-School Grad
63 sq mi
ZIP Area
40
Density / Sq Mi
$65,172
Median Household Income
$37,525
Median Earnings
$712
Median Rent
$102,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Snow Hill | — | — |
| Bloomingport | — | — |
| Crete | — | — |
| Rural | — | — |
Commercial property in Lynn, IN asks $1,223/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lynn?
Commercial property in Lynn, IN asks an average of $1,223 per square foot.
What zoning applies to commercial property in Lynn?
Lynn, IN zones 448 acres across 6 districts, of which 1% is commercial and 45.1% industrial. The largest single district is Residential High Density Urban at 48.4% of zoned land. Residential, High Density, Urban (R2) Residential, High Density (R3) Neighborhood Commercial (C1) Randolph County Unified Zoning Ordinance 199 ARTICLE XVII Tower Regulations 17.0 Intent The intent of the following standards is to provide sensible and reasonable use of land for towers such as telecommunication (radio, television, cellular, and etc.) and/or pr… Residential zoning covers 53.9% and open space 0%.
Where does Realmo's Lynn market data come from?
Realmo compiles Lynn, IN figures from 4 active sale listings, 116 tracked off-market properties, the current Lynn 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 Lynn, 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: 448 zoned acres across 6 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
