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    13 & 38 In Hwy Lapel, IN 46051

    For Sale
    $11,497,660

    Vacant Land - Lapel, IN

    Lot size:
    148.88 Acres
    Days on Market:
    12
    Last Refresh:
    Dec 5 at 2:06 pm

    Property Features for 13 & 38 In Hwy

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    300
    APN
    48-15-09-400-009.000-044, 48-15-16-500-0
    Parking features
    Garage
    Lot size
    148.88 Acres

    Building Details

    Architectural style
    Other

    Mossy Oak Properties Michigan Outdoors

    Listing agent Chad Renbarger (269) 313-0350

    Listing date Nov 24, 2025

    MLS# 11611022 Listing URL

    Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    148 Acres Development Opportunity, Lapel

    This expansive 148-acre property in Madison County, Indiana, presents an exceptional investment opportunity. The land offers potential for development, agriculture, or recreational use. It features over 2,200 feet of frontage on Highway 13 and over 1,700 feet on Highway 38. The property falls under the jurisdiction of the Town of Lapel. Fall Creek sewer access is located just across Highway 13, and a water supply is located less than 1/4 mile from the property. The location is approximately 10 miles from downtown Fishers, Indiana, 8 miles from Noblesville, and 3 miles from Lapel. Interstate I-69 is a mere 1.3 miles away, providing convenient access to major highways and surrounding areas. Given its strategic location and substantial road frontage, this property is suitable for residential, commercial, or mixed-use development. The surrounding communities are experiencing significant growth.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Lapel
    County
    Madison
    State
    Indiana
    Longitude
    -85.84514
    Latitude
    40.018113

    Nearby Similar for Sale

    • $149,900

      Lapel Duplex with Large Lot

      Two-unit duplex in Lapel, Indiana, with potential for updates.
      320 E 7Th St, Lapel, IN 46051
      View Details

    FAQs

    What type of property is this?
    Land - Prime land parcel in Madison County with development potential.
    Where is this land located?
    The property is located at 13 & 38 In Hwy Lapel, IN.
    What is the asking price?
    The asking price for this property is $11,497,660.
    What are key features of this property?
    This property features: - Prime 148-acre development opportunity in rapidly growing Madison County, Indiana.; - Excellent road frontage: Over 2,200 feet on Highway 13 and 1,700 feet on Highway 38.; - Strategic location: Only 1.3 miles from Interstate I-69 for easy access to major highways.
    (269) 313-0350
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    13 & 38 In Hwy Lapel, IN 46051
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