Commercial Real Estate Market in Muncie, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
219 active listings and 3,980 off-market properties in Muncie, IN. Commercial property asks $105/SF to buy and $28.85/SF/Yr to lease.
Market Trends
Muncie, IN spans 159.5 square miles in Delaware County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Muncie, 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 Muncie, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Muncie, 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 Muncie, 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 67.9%
- Industrial 15.6%
- Commercial 12.1%
- Civic 3.4%
- Open space 0.9%
Largest Zones share of zoned land by district
Residence Zone
Residence Zone
Variety Business Zone
Intense Industrial Zone
Residence Zone
Muncie, IN zones 14,843 acres across 21 districts. Commercial zoning covers 12.1% of zoned land, residential 67.9%, open space 0.9% and industrial 15.6%. The largest single district is Residence Zone at 22.1%. For commercial buyers the practical constraint is that only 27.7% of land carries a commercial or industrial designation.
Variety Business Zone (BV)
DIVISION 16. - BV VARIETY BUSINESS ZONE Sec. 150.135. - Permitted uses. No building, structure, or land shall be used, and no building or structure shall be hereafter erected, structurally altered, enlarged, or maintained except for the following uses: (A) Uses permitted in the CB Central Business Zone. (B) Uses permitted in the BL Limited Business Zone. (C)…
Market overview
Demographics & Economy
Muncie, IN has 88,396 residents in 41,029 households. Density runs 554 people per square mile. Median household income here is $52,703 and median gross rent $896 a month.
88,396
Population
41,029
Households
2.2
Avg Household Size
35
Median Age
30%
College-Educated
91%
High-School Grad
159.5 sq mi
ZIP Area
554
Density / Sq Mi
$52,703
Median Household Income
$28,195
Median Earnings
$896
Median Rent
$114,319
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Royerton | — | — |
| Shideler | — | — |
| Anthony | — | — |
| Granville | — | — |
Commercial property in Muncie, IN asks $105/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Muncie?
Commercial property in Muncie, IN asks an average of $105 per square foot.
How much does it cost to lease commercial space in Muncie?
Asking lease rates in Muncie, IN average $28.85 per square foot per year.
What zoning applies to commercial property in Muncie?
Muncie, IN zones 14,843 acres across 21 districts, of which 12.1% is commercial and 15.6% industrial. The largest single district is Residence Zone at 22.1% of zoned land. Residential zoning covers 67.9% and open space 0.9%.
Where does Realmo's Muncie market data come from?
Realmo compiles Muncie, IN figures from 185 active sale listings, 34 active lease listings, 3,980 tracked off-market properties, the current Muncie zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 185 active for-sale and 34 active for-lease listings in Muncie, 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: 14,843 zoned acres across 21 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
