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Lapel, IN

Lapel, IN Commercial Real Estate for Sale

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Anderson, IN Noblesville, IN Pendleton, IN Fishers, IN Fortville, IN Elwood, IN Ingalls, IN Cicero, IN

Downtown Storefront Property

Updated: Jul 25

Downtown Storefront Property

226 E Pendleton Ave, Lapel, IN 46051

$295,000

1,770 sqft 0.13 AC lot

1,770‑square‑foot commercial building on a 5,576‑square‑foot lot
C2 Downtown Commercial zoning
Constructed in 1947
226 E. Pendleton Avenue address in downtown Lapel
Uses identified include retail, office, restaurant, cafe, bakery, and professional services

This listing looks promising.

Here's a quick look at some key insights for

226 E Pendleton Ave, Lapel, IN

View Property Analytics

Est. Cap Rate

5.7%
NOI ÷ price
Est. NOI

$17K
Annual
Mortgage

$196K
Aug 2023
Last Sold

Jun 2020
$1K

View Property Analytics

Development Land with Highway Frontage

Updated: Nov 24, 2025

Development Land with Highway Frontage

IN Hwy 13 & 38, Lapel, IN 46051

$11,497,660

148.88 AC lot

148+ acre land parcel in Madison County, Indiana, with development, agriculture, or recreational use potential.
Road frontage along Highway 13 (2,200+ ft) and Highway 38 (1,700+ ft).
Fall Creek sewer access just across Highway 13.
Water supply located less than 1/4 mile from the property.
Zoned under the jurisdiction of the Town of Lapel.

Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 2 Active listings in Lapel, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 70 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Agricultural Development Land

Agricultural Development Land

16550 E 156th Street, Noblesville, IN 46060

$1,798,000

25.69 AC lot

Vacant land zoned agricultural in Hamilton County, positioned near major retail and planned corridor improvements.

Commercial Development Land

Commercial Development Land

14701 E 146th St, Noblesville, IN 46060

$3,000,000

11.93 AC lot

Fully cleared commercial acreage is zoned for a planned commercial campus under CCPD.

Commercial Development Land with Highway Visibility

Commercial Development Land with Highway Visibility

16288 E 136th St, Fishers, IN 46037

Contact for pricing

71.73 AC lot

±71.73 acres of development land with 2,650 feet of frontage and Interstate 69 visibility in a PUDM I-69 overlay.

Commercial Development Land with I-69 Visibility

Commercial Development Land with I-69 Visibility

16288 E 136th St, Fishers, IN 46037

Contact for pricing

71.73 AC lot

Approximately 71.73 acres with 2,650 feet of frontage along E 136th Street and prime PUDM zoning in I-69 overlay.

Off-Market Properties in Lapel, IN

Consider similar Off-Market properties in Lapel, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

1700 Main St

CONVENIENCE STORE

1700 Main St, Lapel, IN 46051-9670

$310,000

Estimated value

2,869 sqft 3.40 AC lot

201 Pendleton Ave

RETAIL STORES (PERSONAL SERVICES)

201 Pendleton Ave, Lapel, IN 46051-5546

$70,000

Estimated value

566 sqft 0.07 AC lot

1017 Main St

COMMERCIAL (GENERAL)

1017 Main St, Lapel, IN 46051

$300,000

Estimated value

8,700 sqft 0.20 AC lot

825 Main St

OFFICE (GENERAL)

825 Main St, Lapel, IN 46051-9609

$250,000

Estimated value

2,232 sqft 0.03 AC lot

520 11th St

OFFICE (GENERAL)

520 11th St, Lapel, IN 46051-5586

$65,000

Estimated value

1,664 sqft 0.11 AC lot

904 Woodward St

MINI-WAREHOUSE, STORAGE

904 Woodward St, Lapel, IN 46051

$285,000

Estimated value

4,305 sqft 0.21 AC lot

806 Woodward St

RETAIL STORES (PERSONAL SERVICES)

806 Woodward St, Lapel, IN 46051-5564

$265,000

Estimated value

2,988 sqft 0.14 AC lot

1260 Vine St

COMMERCIAL (GENERAL)

1260 Vine St, Lapel, IN 46051-9648

$230,000

Estimated value

450 sqft 10.00 AC lot

9005 State Rd 32

MINI-WAREHOUSE, STORAGE

9005 State Rd 32, Lapel, IN 46051-9658

$270,000

Estimated value

6,600 sqft 1.02 AC lot

1321 Main St

RETAIL STORES (PERSONAL SERVICES)

1321 Main St, Lapel, IN 46051-9673

$185,000

Estimated value

1,712 sqft 0.40 AC lot

706 Main St

RETAIL STORES (PERSONAL SERVICES)

706 Main St, Lapel, IN 46051

$310,000

Estimated value

11,088 sqft 0.19 AC lot

21 9th St

COMMERCIAL (GENERAL)

21 9th St, Lapel, IN 46051-9400

$265,000

Estimated value

4,867 sqft 0.05 AC lot

9th St

COMMERCIAL (GENERAL)

9th St, Lapel, IN 46051

$245,000

Estimated value

0.11 AC lot

210 9th St

MINI-WAREHOUSE, STORAGE

210 9th St, Lapel, IN 46051-5524

$260,000

Estimated value

1,536 sqft 0.10 AC lot

310 11th St

PARKING GARAGE, PARKING STRUCTURE

310 11th St, Lapel, IN 46051-9771

$190,000

Estimated value

3,330 sqft 0.14 AC lot

1020 Main St

RESTAURANT

1020 Main St, Lapel, IN 46051-9773

$255,000

Estimated value

2,580 sqft 0.20 AC lot

1028 Main St

VACANT COMMERCIAL LAND

1028 Main St, Lapel, IN 46051-9773

$160,000

Estimated value

1,933 sqft 0.22 AC lot

1010 Main St

FUNERAL HOME

1010 Main St, Lapel, IN 46051-9773

$310,000

Estimated value

9,150 sqft 0.19 AC lot

631 Main St

OFFICE (GENERAL)

631 Main St, Lapel, IN 46051-5542

$225,000

Estimated value

3,190 sqft 0.02 AC lot

Brookside Rd

STORAGE YARD, OPEN STORAGE

Brookside Rd, Lapel, IN 46051

$180,000

Estimated value

2,048 sqft 17.99 AC lot

Lapel, IN 46051

RETAIL STORES (PERSONAL SERVICES)

Lapel, IN 46051

$250,000

Estimated value

1,416 sqft 11.60 AC lot

226 Pendleton Ave

RETAIL STORES (PERSONAL SERVICES)

226 Pendleton Ave, Lapel, IN 46051-5546

$170,000

Estimated value

1,770 sqft 0.13 AC lot

Lapel, IN Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Lapel, IN on our real estate platform. These investment opportunities span a total of 1,770 square feet of properties for sale, with an estimated market value of $11,792,660.

Sale prices for business properties in Lapel, IN start at $295,000, averaging $5,896,330, and reaching up to $11,497,660 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 2,857

Population Growth (5Y) +3.7%

Median Household Income $77,411

College Educated 38.0%

High-Yield Neighborhoods for Investment

Identify Lapel submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
46051	$11.5M

Taxes & Financing

Tax Rate (average for all types) 2.64%

Property Tax per SF $37.55 per SF

Tax Rate vs County Average 0.09 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Madison County

New Delisted

Total CRE Inventory on Market (SF)

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