Commercial Real Estate Market in Wakarusa, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 221 off-market properties in Wakarusa, IN.
Market Trends
Wakarusa, IN spans 34.5 square miles in Elkhart County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Wakarusa, 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 Wakarusa, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Wakarusa, 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 Wakarusa, 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
- Industrial 34.6%
- Commercial 32.4%
- Planned_development 18.3%
- Residential 14.2%
- Civic 0.5%
Largest Zones share of zoned land by district
Agriculture
General Manufacturing
Planned Unit Development
Single Family Residential
Limited Manufacturing
Wakarusa, IN zones 1,456 acres across 12 districts. Commercial zoning covers 32.4% of zoned land, residential 14.2% and industrial 34.6%. The largest single district is Agriculture at 29.6%. For commercial buyers the practical constraint is that only 67% of land carries a commercial or industrial designation.
Agriculture (A-1)
The purpose of the A-1, zoning district is to accommodate family farms, modestly scaled agricultural operations, agri businesses, large lot single family detached dwellings not associated with an agricultural use, residential subdivisions and other compatible and supporting uses.
Market overview
Demographics & Economy
Wakarusa, IN has 3,835 residents in 1,400 households. Density runs 111 people per square mile. Median household income here is $79,375 and median gross rent $1,054 a month.
3,835
Population
1,400
Households
2.7
Avg Household Size
37
Median Age
26%
College-Educated
85%
High-School Grad
34.5 sq mi
ZIP Area
111
Density / Sq Mi
$79,375
Median Household Income
$50,574
Median Earnings
$1,054
Median Rent
$219,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Foraker | — | — |
| Concord | — | — |
| Nappanee | — | — |
| Wyatt | — | — |
Commercial property in Wakarusa, IN asks $56/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Wakarusa?
Commercial property in Wakarusa, IN asks an average of $56 per square foot.
What zoning applies to commercial property in Wakarusa?
Wakarusa, IN zones 1,456 acres across 12 districts, of which 32.4% is commercial and 34.6% industrial. The largest single district is Agriculture at 29.6% of zoned land. The purpose of the A-1, zoning district is to accommodate family farms, modestly scaled agricultural operations, agri businesses, large lot single family detached dwellings not associated with an agricultural use, residential subdivisions and other compatible and supporting uses. Residential zoning covers 14.2% and open space 0%.
Where does Realmo's Wakarusa market data come from?
Realmo compiles Wakarusa, IN figures from 1 active sale listings, 221 tracked off-market properties, the current Wakarusa 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 0 active for-lease listings in Wakarusa, 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: 1,456 zoned acres across 12 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
