Commercial Real Estate Market in Spencerville, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
4 active listings and 155 off-market properties in Spencerville, OH.
Market Trends
Spencerville, OH spans 69.7 square miles in Allen County, Ohio. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Spencerville, OH runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Across Allen County, retail space asks $83/SF to buy. Retail vacancy in Spencerville, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Spencerville, 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%.
Multifamily
Across Allen County, multifamily space asks $114/SF to buy. Multifamily vacancy in Spencerville, OH runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 77.2%
- Industrial 14.6%
- Commercial 8.2%
Largest Zones share of zoned land by district
Spencerville, OH zones 620 acres across 9 districts. Commercial zoning covers 8.2% of zoned land, residential 77.2% and industrial 14.6%. The largest single district is Residential District at 71.7%. For commercial buyers the practical constraint is that only 22.8% of land carries a commercial or industrial designation.
The purpose of the R-1 residential district is to provide an area for low intensity residential and associated land uses
Market overview
Demographics & Economy
Spencerville, OH has 4,688 residents in 1,863 households. Density runs 67 people per square mile. Median household income here is $62,838 and median gross rent $808 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Delphos | $68 | — |
| Cridersville | $77 | — |
Commercial property in Spencerville, OH asks $28/SF. The 2 bordering markets run from $68/SF in Delphos to $77/SF in Cridersville, and the city sits below their $73/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Spencerville?
How does Spencerville compare to nearby markets on price?
What zoning applies to commercial property in Spencerville?
Where does Realmo's Spencerville market data come from?
Methodology & data sources
- Asking prices and medians
- There are 4 active for-sale and 0 active for-lease listings in Spencerville, OH. The sale median is based on 3 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 620 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
