Commercial Real Estate Market in Marion, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
97 active listings and 1,609 off-market properties in Marion, IN.
Market Trends
Marion, IN spans 191.1 square miles in Grant County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Marion, 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 Marion, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Marion, 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 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
Low Density Single And Multiple Family Residential
Low Density Single Family Residential
General Industry
Medium Density Single Family Residential
General Business
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.
Low Density Single And Multiple Family Residential (R3)
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.
41,777
Population
18,927
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
87%
High-School Grad
191.1 sq mi
ZIP Area
219
Density / Sq Mi
$49,524
Median Household Income
$32,006
Median Earnings
$793
Median Rent
$106,861
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Landess | — | — |
| Van Buren | — | — |
| La Fontaine | — | — |
| Gas City | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Marion?
Marion, IN zones 10,019 acres across 22 districts, of which 16.5% is commercial and 15.9% industrial. The largest single district is Low Density Single And Multiple Family Residential at 19.7% of zoned land. The intent of this zone is to provide single family and multiple units to the community Residential zoning covers 59.2% and open space 0%.
Where does Realmo's Marion market data come from?
Realmo compiles Marion, IN figures from 77 active sale listings, 20 active lease listings, 1,609 tracked off-market properties, the current Marion zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 77 active for-sale and 20 active for-lease listings in Marion, 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: 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 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
