Commercial Real Estate Market in Riley, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 11 off-market properties in Riley, IN.
Market Trends
Riley, IN spans 0.1 square miles in Vigo County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Riley, 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 Riley, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Riley, 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 Riley, 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 90%
- Commercial 10%
Largest Zones share of zoned land by district
Single Family Residential District
Commercial Office District
Community Commercial District
Neighborhood Commercial District
Two Family Residential District
Riley, IN zones 39 acres across 5 districts. Commercial zoning covers 10% of zoned land, residential 90%. The largest single district is Single Family Residential District at 88.7%. For commercial buyers the practical constraint is that only 10% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Riley, IN has 235 residents in 191 households. Density runs 2,717 people per square mile. Median household income here is $72,813 and median gross rent $921 a month.
235
Population
191
Households
1.2
Avg Household Size
36
Median Age
15%
College-Educated
95%
High-School Grad
0.1 sq mi
ZIP Area
2,717
Density / Sq Mi
$72,813
Median Household Income
$29,702
Median Earnings
$921
Median Rent
$92,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lakewood | — | — |
| Tabertown | — | — |
| Youngstown | — | — |
| Allendale | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Riley?
Riley, IN zones 39 acres across 5 districts, of which 10% is commercial and 0% industrial. The largest single district is Single Family Residential District at 88.7% of zoned land. Residential zoning covers 90% and open space 0%.
Where does Realmo's Riley market data come from?
Realmo compiles Riley, IN figures from 1 active sale listings, 11 tracked off-market properties, the current Riley zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Riley, 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: 39 zoned acres across 5 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
