Commercial Real Estate Market in Marion, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
68 active listings and 1,609 off-market properties in Marion, IN. Commercial property asks $59/SF to buy and $35.00/SF/Yr to lease (based on 6 listings).
Market Trends
Marion, IN spans 191.1 square miles in Grant County, Indiana. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Marion, IN has a median asking sale price of $56/SF (based on 3 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Marion, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Marion, 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 space in Marion, IN has a median asking sale price of $60/SF. Vacancy 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
- Residential 59.2%
- Commercial 16.5%
- Industrial 15.9%
- Special 4.7%
- Planned_development 3.2%
- Agricultural 0.6%
Largest Zones share of zoned land by district
Marion, IN zones 10,019 acres across 22 districts. Commercial zoning covers 16.5% of zoned land, residential 59.2% and industrial 15.9%. The largest single district is Low Density Single And Multiple Family Residential at 19.7%. For commercial buyers the practical constraint is that only 32.4% of land carries a commercial or industrial designation.
The intent of this zone is to provide single family and multiple units to the community
Market overview
Demographics & Economy
Marion, IN has 41,777 residents in 18,927 households. Density runs 219 people per square mile. Median household income here is $49,524 and median gross rent $793 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Marion?
How much does it cost to lease commercial space in Marion?
What zoning applies to commercial property in Marion?
Where does Realmo's Marion market data come from?
Methodology & data sources
- Asking prices and medians
- There are 49 active for-sale and 19 active for-lease listings in Marion, IN. The medians are based on 19 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: 10,019 zoned acres across 22 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
