Commercial Real Estate Market in Markle, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 121 off-market properties in Markle, IN.
Market Trends
Markle, IN spans 52.5 square miles in Wells County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Markle, 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 Markle, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Markle, 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 Markle, 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 43.8%
- Industrial 36.5%
- Commercial 8.3%
- Open space 7.7%
- Agricultural 3.7%
Largest Zones share of zoned land by district
Light Manufacturing
Residential Medium Density
Residential High Density
Open Space
General Business
Markle, IN zones 835 acres across 10 districts. Commercial zoning covers 8.3% of zoned land, residential 43.8%, open space 7.7% and industrial 36.5%. The largest single district is Light Manufacturing at 36.5%. For commercial buyers the practical constraint is that only 44.8% of land carries a commercial or industrial designation.
Light Manufacturing (M-1)
SECTION 912: LIGHT MANUFACTURING (M-1) DISTRICT A. The light-manufacturing district is intended for low intensity manufacturing uses. It is the intent of this Section to allow manufacturing uses which are benign in their operating procedures and compatible with certain commercial uses. B. The permitted principal uses are: 1. Warehousing 2. Light manufacturin…
Market overview
Demographics & Economy
Markle, IN has 2,734 residents in 1,090 households. Density runs 52 people per square mile. Median household income here is $74,191 and median gross rent $801 a month.
2,734
Population
1,090
Households
2.5
Avg Household Size
44
Median Age
21%
College-Educated
93%
High-School Grad
52.5 sq mi
ZIP Area
52
Density / Sq Mi
$74,191
Median Household Income
$50,270
Median Earnings
$801
Median Rent
$203,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Uniondale | — | — |
| Rockford | — | — |
| Zanesville | — | — |
| Plum Tree | — | — |
Commercial property in Markle, IN asks $179/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Markle?
Commercial property in Markle, IN asks an average of $179 per square foot.
What zoning applies to commercial property in Markle?
Markle, IN zones 835 acres across 10 districts, of which 8.3% is commercial and 36.5% industrial. The largest single district is Light Manufacturing at 36.5% of zoned land. SECTION 912: LIGHT MANUFACTURING (M-1) DISTRICT A. The light-manufacturing district is intended for low intensity manufacturing uses. It is the intent of this Section to allow manufacturing uses which are benign in their operating procedures and compatible with certain commercial uses. B. The permitted principal uses are: 1. Warehousing 2. Light manufacturin… Residential zoning covers 43.8% and open space 7.7%.
Where does Realmo's Markle market data come from?
Realmo compiles Markle, IN figures from 4 active sale listings, 121 tracked off-market properties, the current Markle 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 Markle, 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: 835 zoned acres across 10 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
