Commercial Real Estate Market in Spencerville, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
7 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 August 2026.
Office
Office space in Spencerville, OH asks $132/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Retail
Retail space in Spencerville, OH asks $85/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily space in Spencerville, OH asks $114/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
- Residential 77.2%
- Industrial 14.6%
- Commercial 8.2%
Largest Zones share of zoned land by district
Residential District
Manufacturing District
Manufacturing District
Business District
Residential 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.
Residential District (R-1)
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.
4,688
Population
1,863
Households
2.5
Avg Household Size
40
Median Age
12%
College-Educated
91%
High-School Grad
69.7 sq mi
ZIP Area
67
Density / Sq Mi
$62,838
Median Household Income
$46,667
Median Earnings
$808
Median Rent
$185,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Elgin | — | — |
| Venedocia | — | — |
| Wapakoneta | — | — |
| Buckland | — | — |
Commercial property in Spencerville, OH asks $152/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Spencerville?
Commercial property in Spencerville, OH asks an average of $152 per square foot. The 3 most recent recorded sales traded at a median of $15/SF, so asking sits 900% above the achieved median. Office carries the highest asking price at $132/SF.
What zoning applies to commercial property in Spencerville?
Spencerville, OH zones 620 acres across 9 districts, of which 8.2% is commercial and 14.6% industrial. The largest single district is Residential District at 71.7% of zoned land. The purpose of the R-1 residential district is to provide an area for low intensity residential and associated land uses Residential zoning covers 77.2% and open space 0%.
Where does Realmo's Spencerville market data come from?
Realmo compiles Spencerville, OH figures from 3 recent recorded sales, 7 active sale listings, 155 tracked off-market properties, the current Spencerville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 7 active for-sale and 0 active for-lease listings in Spencerville, 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: 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 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
