Commercial Real Estate Market in Vincennes, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
60 active listings and 1,290 off-market properties in Vincennes, IN. Commercial property asks $208/SF to buy and $10.26/SF/Yr to lease.
Market Trends
Vincennes, IN spans 166.5 square miles in Knox County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Vincennes, 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 Vincennes, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Vincennes, 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 Vincennes, 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 67.2%
- Industrial 25.5%
- Commercial 7.1%
- Planned_development 0.2%
Largest Zones share of zoned land by district
Rural Residence District
General Industrial District
Single Family Residence District
Mixed Residence District
Central Business District
Vincennes, IN zones 16,134 acres across 9 districts. Commercial zoning covers 7.1% of zoned land, residential 67.2% and industrial 25.5%. The largest single district is Rural Residence District at 43.2%. For commercial buyers the practical constraint is that only 32.6% of land carries a commercial or industrial designation.
Rural Residence District (RA)
The purpose of the RA District is to provide for the development of single family residential estate homes in a semi rural, residential environment. This district is a large lot residential district and is located adjacent to farming areas. It is the intent that rural residential developments do not interfere with adjacent or nearby farming operations and th…
Market overview
Demographics & Economy
Vincennes, IN has 24,984 residents in 11,874 households. Density runs 150 people per square mile. Median household income here is $57,862 and median gross rent $794 a month.
24,984
Population
11,874
Households
2.1
Avg Household Size
39
Median Age
20%
College-Educated
90%
High-School Grad
166.5 sq mi
ZIP Area
150
Density / Sq Mi
$57,862
Median Household Income
$37,295
Median Earnings
$794
Median Rent
$140,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Westport | — | — |
| Fritchton | — | — |
| Lawrenceville | — | — |
| Lawrence | — | — |
Commercial property in Vincennes, IN asks $208/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Vincennes?
Commercial property in Vincennes, IN asks an average of $208 per square foot.
How much does it cost to lease commercial space in Vincennes?
Asking lease rates in Vincennes, IN average $10.26 per square foot per year.
What zoning applies to commercial property in Vincennes?
Vincennes, IN zones 16,134 acres across 9 districts, of which 7.1% is commercial and 25.5% industrial. The largest single district is Rural Residence District at 43.2% of zoned land. The purpose of the RA District is to provide for the development of single family residential estate homes in a semi rural, residential environment. This district is a large lot residential district and is located adjacent to farming areas. It is the intent that rural residential developments do not interfere with adjacent or nearby farming operations and th… Residential zoning covers 67.2% and open space 0%.
Where does Realmo's Vincennes market data come from?
Realmo compiles Vincennes, IN figures from 54 active sale listings, 6 active lease listings, 1,290 tracked off-market properties, the current Vincennes zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 54 active for-sale and 6 active for-lease listings in Vincennes, 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: 16,134 zoned acres across 9 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
