Commercial Real Estate Market in Thorntown, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
12 active listings and 105 off-market properties in Thorntown, IN.
Market Trends
Thorntown, IN spans 69.7 square miles in Boone County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Thorntown, 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 Thorntown, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Thorntown, 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 Thorntown, 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 96.3%
- Commercial 3.7%
Largest Zones share of zoned land by district
Residential
Business
Thorntown, IN zones 390 acres across 2 districts. Commercial zoning covers 3.7% of zoned land, residential 96.3%. The largest single district is Residential at 96.3%. For commercial buyers the practical constraint is that only 3.7% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Thorntown, IN has 3,373 residents in 1,373 households. Density runs 48 people per square mile. Median household income here is $81,755 and median gross rent $925 a month.
3,373
Population
1,373
Households
2.5
Avg Household Size
44
Median Age
27%
College-Educated
93%
High-School Grad
69.7 sq mi
ZIP Area
48
Density / Sq Mi
$81,755
Median Household Income
$54,345
Median Earnings
$925
Median Rent
$227,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Colfax | — | — |
| Ulen | — | — |
| Darlington | — | — |
| Lebanon | — | $14.58 |
Commercial property in Thorntown, IN asks $4/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Thorntown?
Commercial property in Thorntown, IN asks an average of $4 per square foot.
What zoning applies to commercial property in Thorntown?
Thorntown, IN zones 390 acres across 2 districts, of which 3.7% is commercial and 0% industrial. The largest single district is Residential at 96.3% of zoned land. Residential zoning covers 96.3% and open space 0%.
Where does Realmo's Thorntown market data come from?
Realmo compiles Thorntown, IN figures from 5 recent recorded sales, 11 active sale listings, 1 active lease listings, 105 tracked off-market properties, the current Thorntown zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 11 active for-sale and 1 active for-lease listings in Thorntown, 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: 390 zoned acres across 2 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
