620-690 Pendleton Ave, Lapel, IN 46051
This exceptional retail opportunity presents 2,800 square feet of vacant space within the Lapel Commons shopping center, located at 620-690 W Pendleton Ave, Lapel, IN 46051. Situated in Madison County, this property offers a flexible layout, allowing for a single tenant to occupy the entire 2,800 square feet or the space can be divided to accommodate a minimum of 1,400 square feet. The maximum contiguous space available is 2,800 square feet, providing ample room for a variety of retail businesses. The property's location in Lapel offers excellent visibility and accessibility, making it an ideal location for businesses seeking high foot traffic and convenient access for customers. The entire space is currently vacant, presenting a unique opportunity for a new tenant to establish a strong presence in the community. This is a prime opportunity for businesses seeking a well-located retail space in a thriving area. The property is classified as retail and offers multiple tenancy options, making it suitable for a range of businesses. The address is easily accessible and visible from the main road. This space is ready for immediate occupancy. Contact us today to learn more about this exceptional retail opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.