Commercial Real Estate Market in Louisville, NE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 81 off-market properties in Louisville, NE.
Market Trends
Louisville, NE spans 53.3 square miles in Cass County, Nebraska. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Louisville, NE runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Louisville, NE runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Louisville, NE 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 Louisville, NE 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
- Commercial 64.1%
- Residential 19.6%
- Industrial 16.4%
Largest Zones share of zoned land by district
Transitional Agriculture
Heavy Industrial
Residential Subdivision
Single Family Residential
Light Industrial
Louisville, NE zones 4,693 acres across 8 districts. Commercial zoning covers 64.1% of zoned land, residential 19.6% and industrial 16.4%. The largest single district is Transitional Agriculture at 63.4%. For commercial buyers the practical constraint is that only 80.4% of land carries a commercial or industrial designation.
Transitional Agriculture (TA)
Section 5.05 TA Transitional Agriculture District 5.05.01 Intent: The Transitional Agriculture District is established for the purpose of preserving agricultural resources that are compatible with adjacent urban growth. It is not intended for commercial feedlot operations for livestock or poultry. Because the areas are not in the identified growth areas for…
Market overview
Demographics & Economy
Louisville, NE has 2,615 residents in 1,029 households. Density runs 49 people per square mile. Median household income here is $96,875 and median gross rent $1,079 a month.
2,615
Population
1,029
Households
2.5
Avg Household Size
42
Median Age
39%
College-Educated
96%
High-School Grad
53.3 sq mi
ZIP Area
49
Density / Sq Mi
$96,875
Median Household Income
$52,188
Median Earnings
$1,079
Median Rent
$254,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cedar Creek | — | — |
| South Bend | — | — |
| Manley | — | — |
| Springfield | — | — |
Commercial property in Louisville, NE asks $642/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Louisville?
Commercial property in Louisville, NE asks an average of $642 per square foot. The 3 most recent recorded sales traded at a median of $179/SF, so asking sits 259% above the achieved median.
What zoning applies to commercial property in Louisville?
Louisville, NE zones 4,693 acres across 8 districts, of which 64.1% is commercial and 16.4% industrial. The largest single district is Transitional Agriculture at 63.4% of zoned land. Section 5.05 TA Transitional Agriculture District 5.05.01 Intent: The Transitional Agriculture District is established for the purpose of preserving agricultural resources that are compatible with adjacent urban growth. It is not intended for commercial feedlot operations for livestock or poultry. Because the areas are not in the identified growth areas for… Residential zoning covers 19.6% and open space 0%.
Where does Realmo's Louisville market data come from?
Realmo compiles Louisville, NE figures from 3 recent recorded sales, 5 active sale listings, 81 tracked off-market properties, the current Louisville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 0 active for-lease listings in Louisville, NE. 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: 4,693 zoned acres across 8 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
