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    State Road 32 Lapel, IN 46011

    For Sale
    $1,011,760

    Vacant Land - Lapel, IN

    Lot size:
    25.22 Acres
    Days on Market:
    40
    Last Refresh:
    Dec 5 at 4:06 am

    Property Features for State Road 32

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    300
    APN
    48-10-21-700-002.000-032,48-10-21-400-00
    Parking features
    Garage
    Lot size
    25.22 Acres

    Building Details

    Architectural style
    Other

    Mossy Oak Properties Michigan Outdoors

    Listing agent Chad Renbarger (269) 313-0350

    Listing date Oct 27, 2025

    MLS# 11596863 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

    Prime Development Land in Lapel

    This property offers a development opportunity in Lapel, Indiana, featuring over 25 acres of land. The site has extensive road frontage, with over 850 feet on State Highway 32, over 900 feet on 900 W, and over 1100 feet on 200 S. Zoned agricultural, the property has potential for future commercial use, and the town is open to considering residential zoning. All necessary utilities are located nearby. The property is located on the south side of Highway 32, west of Lapel High School, and is just minutes from town amenities, including the local park and Lapel High School. The location in a growing community makes this property an investment for developers and investors looking to capitalize on future growth. The versatile zoning options provide flexibility for various development projects.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Lapel
    County
    Madison
    State
    Indiana
    Longitude
    -85.845483
    Latitude
    40.076435

    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - 25+ acres of land with highway frontage in growing Lapel.
    Where is this land located?
    The property is located at State Road 32 Lapel, IN.
    What is the asking price?
    The asking price for this property is $1,011,760.
    What are key features of this property?
    This property features: - Prime Development Opportunity: Over 25 acres in rapidly growing Lapel, IN.; - Extensive Road Frontage: Boasting 850+ feet on State Highway 32, 900+ feet on 900 W, and 1100+ feet on 200 S.; - Versatile Zoning Potential: Currently Agricultural, with potential for commercial or residential zoning; the town is open to innovative designs.
    (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
    State Road 32 Lapel, IN 46011
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