Commercial Real Estate Market in Ossian, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
23 active listings and 132 off-market properties in Ossian, IN.
Market Trends
Ossian, IN spans 57.9 square miles in Wells County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Ossian, 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 Ossian, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Ossian, 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 Ossian, 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 70.7%
- Industrial 18.4%
- Commercial 9.8%
- Planned_development 0.4%
Largest Zones share of zoned land by district
Residential
Light Industrial
Residential
Residential
Central Business District
Ossian, IN zones 1,110 acres across 11 districts. Commercial zoning covers 9.8% of zoned land, residential 70.7% and industrial 18.4%. The largest single district is Residential at 49%. For commercial buyers the practical constraint is that only 28.2% of land carries a commercial or industrial designation.
Light Industrial (I-1)
The light industrial district, I-1, provides space for industries which do not cause conditions that would be objectionable characteristics to surrounding property
Market overview
Demographics & Economy
Ossian, IN has 6,348 residents in 2,794 households. Density runs 110 people per square mile. Median household income here is $69,294 and median gross rent $905 a month.
6,348
Population
2,794
Households
2.3
Avg Household Size
42
Median Age
24%
College-Educated
97%
High-School Grad
57.9 sq mi
ZIP Area
110
Density / Sq Mi
$69,294
Median Household Income
$39,861
Median Earnings
$905
Median Rent
$185,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Kingsland | — | — |
| Tocsin | — | — |
| Yoder | — | — |
| Uniondale | — | — |
Commercial property in Ossian, IN asks $35/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Ossian?
Commercial property in Ossian, IN asks an average of $35 per square foot.
What zoning applies to commercial property in Ossian?
Ossian, IN zones 1,110 acres across 11 districts, of which 9.8% is commercial and 18.4% industrial. The largest single district is Residential at 49% of zoned land. Residential zoning covers 70.7% and open space 0%.
Where does Realmo's Ossian market data come from?
Realmo compiles Ossian, IN figures from 22 active sale listings, 1 active lease listings, 132 tracked off-market properties, the current Ossian zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 22 active for-sale and 1 active for-lease listings in Ossian, 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: 1,110 zoned acres across 11 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
