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Retail Space with Adjacent Parcel
For Sale
$489,900

7984 W State Road 32, Lebanon, IN 46052

Commercial/mixed-use zoning and a combined site support a range of commercial configurations.

Property Size2,100 SF
Lot Size2.30 Acres
Price / SF$233.29
Days on Market151

Property Features for 7984 W State Road 32

General Information

Standard status Active
Size 2,100 SF
Lot size 2.30 Acres
Property subtype Commercial
Zoning Commercial/Mixed Use

Site & Location

Traffic Count 22,000 vehicles/day
Road Access Yes

Additional Details

Land Use commercial

Building Details

Building Size 2,100 SF
Year Built 2003
Buildings 1
Listing Agency: eXp Realty, LLC
Listed By: Alec Conner · License #RB23002212
Source: Battsrealestategroup
Added: May 31 Changed: Oct 26 Last Checked: Oct 26 at 3:36AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty, LLC

Rey
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Investment Insights

Based on property information with market context.

Built in 2003, the retail building contains approximately 2,100 square feet of flexible space. The property includes an adjoining parcel to the north, bringing the combined site to approximately 2.3 acres, and is zoned Commercial/Mixed Use.

The property fronts State Road 32 in Lebanon. Traffic counts cited for the broader corridor study area range from approximately 17,000 to 22,000 vehicles per day. Eli Lilly’s LEAP Research and Innovation District developments are described as within a couple of miles of the site.

Key Highlights

  • Approximately 2,100 square feet of building area
  • Combined property totals approximately 2.3 acres, including the northern adjoining parcel
  • Built in 2003

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Carpet & Flooring Store Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

22,000 VPD
Traffic count
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

16
Businesses Nearby
1k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Marathon Petroleum Shops & Services
1,465 visits/mo 0.1 miles

Demographics for 46052, IN

22,783
Population
9,935
Households
2.3
Avg Household Size
41
Median Age
26%
College-Educated
90%
High-School Grad
177.6 sq mi
ZIP Area
128
Density / Sq Mi
$66,828
Median Household Income
$43,933
Median Earnings
$911
Median Rent
$200,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Commercial/mixed-use zoning and a combined site support a range of commercial configurations.
Where is this retail space located?
The property is located at 7984 W State Road 32 Lebanon, IN.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Approximately 2,100 square feet of building area; Combined property totals approximately 2.3 acres, including the northern adjoining parcel; Built in 2003
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