Commercial Real Estate Market in Muncie, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
126 active listings and 3,980 off-market properties in Muncie, IN. Commercial property asks $83/SF to buy and $11.00/SF/Yr to lease (based on 4 listings).
Market Trends
Muncie, IN spans 159.5 square miles in Delaware County, Indiana. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Muncie, IN has a median asking sale price of $67/SF (based on 5 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Muncie, IN has a median asking sale price of $150/SF (based on 5 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial space in Muncie, IN has a median asking sale price of $62/SF (based on 5 listings). Vacancy runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Multifamily
Multifamily space in Muncie, IN has a median asking sale price of $78/SF. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
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
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.
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Muncie?
How much does it cost to lease commercial space in Muncie?
What zoning applies to commercial property in Muncie?
Where does Realmo's Muncie market data come from?
Methodology & data sources
- Asking prices and medians
- There are 89 active for-sale and 37 active for-lease listings in Muncie, IN. The medians are based on 36 of the for-sale and 4 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
