Commercial Real Estate Market in Speedway, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 6 off-market properties in Speedway, IN.
Market Trends
Speedway, IN spans 7.2 square miles in Marion County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Speedway, 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 Speedway, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Speedway, 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 Speedway, 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 39.9%
- Commercial 26.7%
- Industrial 24.4%
- Civic 7.3%
- Mixed use 0.8%
Largest Zones share of zoned land by district
Commercial Special District
Dwelling District Four
Speedway Industrial District
Dwelling District Five
Dwelling Agriculture District
Speedway, IN zones 3,042 acres across 28 districts. Commercial zoning covers 26.7% of zoned land, residential 39.9% and industrial 24.4%. The largest single district is Commercial Special District at 18.8%. For commercial buyers the practical constraint is that only 51% of land carries a commercial or industrial designation.
Dwelling District Four (D4)
Dwelling District Four (D-4). 1. Purpose. The D-4 District is intended for low or medium intensity single-family and two-family residential development. Land in this District needs good thoroughfare access, relatively flat topography, and nearby community and neighborhood services and facilities with pedestrian linkages. Provisions for recreational facilitie…
Market overview
Demographics & Economy
Speedway, IN has 38,822 residents in 16,912 households. Density runs 5,430 people per square mile. Median household income here is $53,731 and median gross rent $1,048 a month.
38,822
Population
16,912
Households
2.3
Avg Household Size
32
Median Age
24%
College-Educated
83%
High-School Grad
7.2 sq mi
ZIP Area
5,430
Density / Sq Mi
$53,731
Median Household Income
$35,726
Median Earnings
$1,048
Median Rent
$166,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Clermont | — | — |
| Rocky Ripple | — | — |
| Wynnedale | — | — |
| Indianapolis | — | $20.61 |
Frequently Asked Questions
How much does it cost to lease commercial space in Speedway?
Asking lease rates in Speedway, IN average $16.00 per square foot per year.
What zoning applies to commercial property in Speedway?
Speedway, IN zones 3,042 acres across 28 districts, of which 26.7% is commercial and 24.4% industrial. The largest single district is Commercial Special District at 18.8% of zoned land. Residential zoning covers 39.9% and open space 0%.
Where does Realmo's Speedway market data come from?
Realmo compiles Speedway, IN figures from 1 active sale listings, 2 active lease listings, 6 tracked off-market properties, the current Speedway 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 2 active for-lease listings in Speedway, 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: 3,042 zoned acres across 28 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
