Commercial Real Estate Market in McCordsville, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
24 active listings and 148 off-market properties in McCordsville, IN.
Market Trends
McCordsville, IN spans 26.3 square miles in Hancock County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in McCordsville, 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 McCordsville, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in McCordsville, 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 McCordsville, 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
- Planned_development 57.2%
- Residential 23%
- Industrial 9%
- Commercial 7.7%
Largest Zones share of zoned land by district
Planned Unit Development
Residential 1
Industrial 2
Residential 3
Regional Commercial
Planned Unit Development (PUD)
All PUD districts are intended to accommodate development of land in areas where there are site limitations or unique site characteristics. It is the intent of the town to encourage innovation in land development practices through the use of the planned unit development process. (Ord. 121410, passed 1-11-2011; Ord. 101116-A, passed 10-11-2016) Disclaimer: Th…
Market overview
Demographics & Economy
McCordsville, IN has 14,969 residents in 5,759 households. Density runs 570 people per square mile. Median household income here is $116,811 and median gross rent $1,596 a month.
14,969
Population
5,759
Households
2.6
Avg Household Size
37
Median Age
55%
College-Educated
96%
High-School Grad
26.3 sq mi
ZIP Area
570
Density / Sq Mi
$116,811
Median Household Income
$65,074
Median Earnings
$1,596
Median Rent
$326,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Woodbury | — | — |
| Fortville | — | — |
| Fishers | — | $46.30 |
| Lawrence | — | — |
Commercial property in McCordsville, IN asks $47/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in McCordsville?
Commercial property in McCordsville, IN asks an average of $47 per square foot.
Where does Realmo's McCordsville market data come from?
Realmo compiles McCordsville, IN figures from 2 recent recorded sales, 20 active sale listings, 4 active lease listings, 148 tracked off-market properties, the current McCordsville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 20 active for-sale and 4 active for-lease listings in McCordsville, 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: 5,431 zoned acres across 13 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
