Commercial Real Estate Market in Munster, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
177 active listings and 2,680 off-market properties in Munster, IN. Commercial property asks $81/SF to buy and $17.01/SF/Yr to lease.
Market Trends
Munster, IN spans 7.6 square miles in Lake County, Indiana. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Munster, IN asks $166/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Retail
Retail space in Munster, IN asks $120/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Munster, 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 space in Munster, IN asks $180/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 53.9%
- Civic 20.7%
- Industrial 9.5%
- Planned_development 7.9%
- Commercial 6.5%
- Mixed use 1.6%
Largest Zones share of zoned land by district
Character District Neighborhood 60 Feet Lot One Family Residence
Character District Neighborhood 70 Feet Lot One Family Residence
Civic Zone
Special District Planned Unit Development
Character District General Urban B
Character District Neighborhood 60 Feet Lot One Family Residence (CD-3.R2)
The CD-3.R2 Neighborhood - 60’ Lot One Family Residence Charac- ter District consists of primarily a low density Single-Family Detached Residential area in which Houses are the predominant Building Type. It has medium to deep front Setbacks and medium to wide side Setbacks. Some Thoroughfares have Sidewalks or Curbs, and form medium to large Blocks. General…
Market overview
Demographics & Economy
Munster, IN has 23,894 residents in 9,786 households. Density runs 3,146 people per square mile. Median household income here is $105,764 and median gross rent $1,480 a month.
23,894
Population
9,786
Households
2.4
Avg Household Size
45
Median Age
48%
College-Educated
96%
High-School Grad
7.6 sq mi
ZIP Area
3,146
Density / Sq Mi
$105,764
Median Household Income
$57,796
Median Earnings
$1,480
Median Rent
$312,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lansing | — | — |
| Hammond | — | $17.01 |
| Calumet City | — | $16.20 |
Commercial property in Munster, IN asks $81/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Munster?
Commercial property in Munster, IN asks an average of $81 per square foot. Multifamily carries the highest asking price at $180/SF.
How much does it cost to lease commercial space in Munster?
Asking lease rates in Munster, IN average $17.01 per square foot per year.
Where does Realmo's Munster market data come from?
Realmo compiles Munster, IN figures from 123 active sale listings, 54 active lease listings, 2,680 tracked off-market properties, the current Munster zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 123 active for-sale and 54 active for-lease listings in Munster, 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: 4,014 zoned acres across 12 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 30 September 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 30 September 2026 · How Realmo checks market page data · Report a data issue
