Commercial Real Estate Market in Plymouth, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
62 active listings and 896 off-market properties in Plymouth, IN. Commercial property asks $86/SF to buy and $23.24/SF/Yr to lease.
Market Trends
Plymouth, IN spans 153.1 square miles in Marshall County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Plymouth, 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 Plymouth, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Plymouth, 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 Plymouth, 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 42.5%
- Civic 37.4%
- Industrial 13.2%
- Commercial 5.1%
- Open space 1.4%
- Planned_development 0.4%
Largest Zones share of zoned land by district
Rural Residential District
Suburban Residential District
Industrial District
Traditional Residential District
Corridor Commercial District
Rural Residential District (R-1)
Rural Residential represents the lowest density of residential development in the Plymouth planning jurisdiction. The designation exists largely in the outlying areas of the jurisdiction that remain primarily agricultural in nature with scattered rural home sites. The Rural Residential category is intended to help preserve the rural nature of the land while…
Market overview
Demographics & Economy
Plymouth, IN has 22,977 residents in 10,031 households. Density runs 150 people per square mile. Median household income here is $69,205 and median gross rent $952 a month.
22,977
Population
10,031
Households
2.3
Avg Household Size
41
Median Age
21%
College-Educated
88%
High-School Grad
153.1 sq mi
ZIP Area
150
Density / Sq Mi
$69,205
Median Household Income
$42,119
Median Earnings
$952
Median Rent
$179,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Tyner | — | — |
| Donaldson | — | — |
| La Paz | — | — |
| Inwood | — | — |
Commercial property in Plymouth, IN asks $86/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Plymouth?
Commercial property in Plymouth, IN asks an average of $86 per square foot.
How much does it cost to lease commercial space in Plymouth?
Asking lease rates in Plymouth, IN average $23.24 per square foot per year.
Where does Realmo's Plymouth market data come from?
Realmo compiles Plymouth, IN figures from 47 active sale listings, 15 active lease listings, 896 tracked off-market properties, the current Plymouth zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 47 active for-sale and 15 active for-lease listings in Plymouth, 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: 21,828 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 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
