Commercial Real Estate Market in Ulen, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Ulen, IN spans 177.6 square miles in Boone County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Ulen, IN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Ulen, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Ulen, 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%.
Multifamily
Multifamily vacancy in Ulen, IN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 27%
Largest Zones share of zoned land by district
CC/GC District permits the existing Ulan Golf Course and Country Club and provides for the activities of golf including practice facilities and pro shop (whether private or public) along with Ulan Country Club and related and ancillary uses for the benefit of the members and their guests.
Market overview
Demographics & Economy
Ulen, IN has 22,783 residents in 9,935 households. Density runs 128 people per square mile. Median household income here is $66,828 and median gross rent $911 a month.
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lebanon | — | $14.58 |
| Whitestown | — | $22.88 |
| Thorntown | — | — |
| Advance | — | — |
Methodology & data sources
- 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: 145 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
