Commercial Real Estate Market in Wabash, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
18 active listings and 824 off-market properties in Wabash, IN. Commercial property asks $26/SF to buy and $12.04/SF/Yr to lease.
Market Trends
Wabash, IN spans 163.2 square miles in Wabash County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Wabash, 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 Wabash, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Wabash, 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 Wabash, 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 41.4%
- Industrial 34.2%
- Commercial 17.7%
- Civic 6%
- Agricultural 0.6%
Largest Zones share of zoned land by district
Residential 1
Heavy Industrial
General Business
Residential 2
Light Industrial
Wabash, IN zones 6,070 acres across 11 districts. Commercial zoning covers 17.7% of zoned land, residential 41.4% and industrial 34.2%. The largest single district is Residential 1 at 22.6%. For commercial buyers the practical constraint is that only 51.9% of land carries a commercial or industrial designation.
Residential 1 (R1)
This district is the most restrictive of the residential districts and includes the low density single-family residential areas of the city and those open areas where similar residential development appears likely to occur.
Market overview
Demographics & Economy
Wabash, IN has 16,183 residents in 7,654 households. Density runs 99 people per square mile. Median household income here is $65,500 and median gross rent $697 a month.
16,183
Population
7,654
Households
2.1
Avg Household Size
44
Median Age
23%
College-Educated
92%
High-School Grad
163.2 sq mi
ZIP Area
99
Density / Sq Mi
$65,500
Median Household Income
$39,378
Median Earnings
$697
Median Rent
$141,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lagro | — | — |
| Urbana | — | — |
| Somerset | — | — |
| Roann | — | — |
Commercial property in Wabash, IN asks $26/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Wabash?
Commercial property in Wabash, IN asks an average of $26 per square foot.
How much does it cost to lease commercial space in Wabash?
Asking lease rates in Wabash, IN average $12.04 per square foot per year.
What zoning applies to commercial property in Wabash?
Wabash, IN zones 6,070 acres across 11 districts, of which 17.7% is commercial and 34.2% industrial. The largest single district is Residential 1 at 22.6% of zoned land. This district is the most restrictive of the residential districts and includes the low density single-family residential areas of the city and those open areas where similar residential development appears likely to occur. Residential zoning covers 41.4% and open space 0%.
Where does Realmo's Wabash market data come from?
Realmo compiles Wabash, IN figures from 11 active sale listings, 7 active lease listings, 824 tracked off-market properties, the current Wabash 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 7 active for-lease listings in Wabash, 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: 6,070 zoned acres across 11 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
