Commercial Flex
For Sale
$489,900
7984 W State Road 32, Lebanon, IN 46052
Commercial Sale, Lebanon, IN
Property Size2,100 SF
Lot Size2.58 Acres
Price / SF$233.29
Days on Market136
Property Features for 7984 W State Road 32
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial/Mixed Use
High school
Western Boone Jr-Sr High School
Elementary school district
Western Boone Co Com Sch Dist
Middle school district
Western Boone Co Com Sch Dist
High school district
Western Boone Co Com Sch Dist
Directions
GPS Friendly
Subdivision
610 - Boone - Jefferson
Standard status
Active
APN
060926000004000011
Lot size
2.58 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Pt W 1/2 Sw 26 19 2W 1.08 539-00035-10 06-09-26-000-004.002-011 1.49
Tax Annual Amount
20
Legal Description
Pt W 1/2 Sw 26 19 2W 1.08 539-00035-10 06-09-26-000-004.002-011 1.49
Listing Agency:
eXp Realty, LLC
(888) 611-3912
Listed By:
Alec Conner · License #RB23002212
(812) 734-6048
Added: May 31
Changed: Oct 8
Last Checked: Oct 13 at 10:06AM
MLS# 22104065
Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2003, the flex property contains approximately 2,100 square feet of adaptable space. The stated potential uses include retail, office, service, medical, and light industrial. Commercial/mixed-use zoning is in place, and the property includes an adjacent parcel on the north side.
The site is on State Road 32 in Lebanon, Indiana, with road frontage along the corridor. It is within a couple of miles of Eli Lilly’s LEAP Research and Innovation District developments along SR 32.
The site is on State Road 32 in Lebanon, Indiana, with road frontage along the corridor. It is within a couple of miles of Eli Lilly’s LEAP Research and Innovation District developments along SR 32.
Key Highlights
- Approximately 2,100 square feet of flex space
- Built in 2003
- Commercial/mixed‑use zoning
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial/mixed-use zoning supports a range of potential business uses, including office, retail, service, medical, and light industrial.
Where is this flex 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 flex space; Built in 2003; Commercial/mixed‑use zoning
