Commercial Real Estate Market in Andover, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
13 active listings and 267 off-market properties in Andover, OH.
Market Trends
Andover, OH spans 60.8 square miles in Ashtabula County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Andover, OH runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Andover, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Andover, OH 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 space in Andover, OH asks $79/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Commercial 51.8%
- Residential 36.5%
- Industrial 10.5%
- Planned_development 1.2%
Largest Zones share of zoned land by district
Residential
Public And Quasi Public
Commercial
Industrial
Residential
Andover, OH zones 872 acres across 6 districts. Commercial zoning covers 51.8% of zoned land, residential 36.5% and industrial 10.5%. The largest single district is Residential at 34%. For commercial buyers the practical constraint is that only 62.3% of land carries a commercial or industrial designation.
Public And Quasi Public (P)
The purpose of this district is to provide areas for public and quasi-public uses, areas for recreation and conservation purposes, and areas suitable for commercial and non-commercial recreation
Market overview
Demographics & Economy
Andover, OH has 4,275 residents in 3,009 households. Density runs 70 people per square mile. Median household income here is $53,690 and median gross rent $714 a month.
4,275
Population
3,009
Households
1.4
Avg Household Size
49
Median Age
5%
College-Educated
84%
High-School Grad
60.8 sq mi
ZIP Area
70
Density / Sq Mi
$53,690
Median Household Income
$38,571
Median Earnings
$714
Median Rent
$117,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| West Andover | — | — |
| Cherry Valley | — | — |
| Westford | — | — |
| Dorset | — | — |
Commercial property in Andover, OH asks $581/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Andover?
Commercial property in Andover, OH asks an average of $581 per square foot. The 5 most recent recorded sales traded at a median of $91/SF, so asking sits 539% above the achieved median. Multifamily carries the highest asking price at $79/SF.
What zoning applies to commercial property in Andover?
Andover, OH zones 872 acres across 6 districts, of which 51.8% is commercial and 10.5% industrial. The largest single district is Residential at 34% of zoned land. Residential zoning covers 36.5% and open space 0%.
Where does Realmo's Andover market data come from?
Realmo compiles Andover, OH figures from 6 recent recorded sales, 12 active sale listings, 1 active lease listings, 267 tracked off-market properties, the current Andover zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 12 active for-sale and 1 active for-lease listings in Andover, OH. 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: 872 zoned acres across 6 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
