Commercial Real Estate Market in Modoc, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Modoc, IN spans 37.8 square miles in Randolph County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Modoc, 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 Modoc, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Modoc, 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 Modoc, 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
- Industrial 56.5%
- Residential 43.2%
- Commercial 0.3%
Largest Zones share of zoned land by district
Residential High Density Urban
Light Industrial
Regional Commercial
Community Commercial
General Industrial
Modoc, IN zones 63 acres across 6 districts. Commercial zoning covers 0.3% of zoned land, residential 43.2% and industrial 56.5%. The largest single district is Residential High Density Urban at 43.2%. For commercial buyers the practical constraint is that only 56.8% of land carries a commercial or industrial designation.
Residential High Density Urban (R-2)
R, R-1, R-2 and R-3. Residential Facility for the Developmentally Disabled A properly licensed, community based living facility that provides a family or home-like environment and, in some cases, training for from four (4) to sixteen (16) developmentally disabled persons (as defined in P.L. 98-527 STAT 2662 1984) in a supervised group living program, as desc…
Market overview
Demographics & Economy
Modoc, IN has 919 residents in 415 households. Density runs 24 people per square mile. Median household income here is $75,729 and median gross rent $648 a month.
919
Population
415
Households
2.2
Avg Household Size
42
Median Age
14%
College-Educated
88%
High-School Grad
37.8 sq mi
ZIP Area
24
Density / Sq Mi
$75,729
Median Household Income
$43,000
Median Earnings
$648
Median Rent
$144,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Losantville | — | — |
| Economy | — | — |
| Unionport | — | — |
| Blountsville | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Modoc?
Modoc, IN zones 63 acres across 6 districts, of which 0.3% is commercial and 56.5% industrial. The largest single district is Residential High Density Urban at 43.2% of zoned land. R, R-1, R-2 and R-3. Residential Facility for the Developmentally Disabled A properly licensed, community based living facility that provides a family or home-like environment and, in some cases, training for from four (4) to sixteen (16) developmentally disabled persons (as defined in P.L. 98-527 STAT 2662 1984) in a supervised group living program, as desc… Residential zoning covers 43.2% and open space 0%.
Methodology & data sources
- 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: 63 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
