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    Lapel, IN
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    Lapel, IN Retail Properties & Spaces for Sale

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    Noblesville, IN Anderson, IN Pendleton, IN Fishers, IN Elwood, IN Ingalls, IN Cicero, IN Fortville, IN
    Downtown Storefront Property
    Updated: Jul 25
    Downtown Storefront Property

    226 E Pendleton Ave, Lapel, IN 46051

    $295,000
    1,770 sqft 0.13 AC lot
    1,770‑square‑foot commercial building on a 5,576‑square‑foot lot
    C2 Downtown Commercial zoning
    Constructed in 1947
    226 E. Pendleton Avenue address in downtown Lapel
    Uses identified include retail, office, restaurant, cafe, bakery, and professional services
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    This listing looks promising.

    Here's a quick look at some key insights for

    226 E Pendleton Ave, Lapel, IN

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    • Est. Cap Rate

      7.9%
      Above avg (5.9%)

    • Est. NOI

      $23K
      Annual

    • Mortgage

      $196K
      Aug 2023

    • Last Sold

      Jun 2020
      $1K
    View Property Analytics
    Based on your search, we've compiled 43 Potential Opportunities for your consideration. Besides 1 Active listings in Lapel, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 34 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Former Neighborhood Supermarket
    Former Neighborhood Supermarket

    1909 W 8th Street, Anderson, IN 46016

    $299,900
    5,554 sqft

    Former neighborhood supermarket building with included equipment and ample asphalt customer parking.

    View details
    Planned Business Parcel for Retail
    Planned Business Parcel for Retail

    4844 Conner Street, Noblesville, IN 46060

    $1,799,000
    2.20 AC lot

    2.2-acre PB-zoned parcel on SR 38/SR 32 corridor, positioned for retail, automotive, and service-oriented development.

    View details
    Gas Station Property with Multiple Bays
    Gas Station Property with Multiple Bays

    5982 W State Road 32, Anderson, IN 46011

    $875,000
    1.66 AC lot

    Commercial zoning, upstairs living quarters, and flexible improvements support automotive, convenience, or storefront use.

    View details
    Zoned Commercial Retail Building
    Zoned Commercial Retail Building

    20100 State Road 37 N, Noblesville, IN 46060

    $500,000

    Paved parking supports a functional 900-square-foot retail building suited for a variety of commercial uses.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    5 Acres of Land
    5 Acres of Land

    720 W State St, Pendleton, IN 46064

    Contact for pricing
    5.00 AC lot

    5 acres of land available for sale.

    View details
    Vacant Commercial Land in Business Park
    Vacant Commercial Land in Business Park

    15380 Endeavor Drive, Noblesville, IN 46060

    $599,900
    1.96 AC lot

    Nearly two acres of vacant land in an industrial park, zoned CCPD for suitable commercial development.

    View details
    Corner Land Zoned I-1 and B-1
    Corner Land Zoned I-1 and B-1

    1742 Meridian Street, Anderson, IN 46016

    $250,000
    1.68 AC lot

    Two-parcel corner site in Anderson zoned I-1 and B-1, with existing development history and option to divide.

    View details
    Downtown Anderson Parking Lot For Sale
    Downtown Anderson Parking Lot For Sale

    Meridian Street, Anderson, IN 46016

    $85,000
    0.24 AC lot

    32-space parking lot in downtown Anderson, near courthouse.

    View details

    Off-Market Properties in Lapel, IN

    Consider similar Off-Market properties in Lapel, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1700 Main St
    CONVENIENCE STORE

    1700 Main St, Lapel, IN 46051-9670

    $310,000
    Estimated value
    2,869 sqft 3.40 AC lot
    View details
    201 Pendleton Ave
    RETAIL STORES (PERSONAL SERVICES)

    201 Pendleton Ave, Lapel, IN 46051-5546

    $70,000
    Estimated value
    566 sqft 0.07 AC lot
    View details
    806 Woodward St
    RETAIL STORES (PERSONAL SERVICES)

    806 Woodward St, Lapel, IN 46051-5564

    $265,000
    Estimated value
    2,988 sqft 0.14 AC lot
    View details
    1321 Main St
    RETAIL STORES (PERSONAL SERVICES)

    1321 Main St, Lapel, IN 46051-9673

    $185,000
    Estimated value
    1,712 sqft 0.40 AC lot
    View details
    706 Main St
    RETAIL STORES (PERSONAL SERVICES)

    706 Main St, Lapel, IN 46051

    $310,000
    Estimated value
    11,088 sqft 0.19 AC lot
    View details
    310 11th St
    PARKING GARAGE, PARKING STRUCTURE

    310 11th St, Lapel, IN 46051-9771

    $190,000
    Estimated value
    3,330 sqft 0.14 AC lot
    View details
    1020 Main St
    RESTAURANT

    1020 Main St, Lapel, IN 46051-9773

    $255,000
    Estimated value
    2,580 sqft 0.20 AC lot
    View details
    Lapel, IN 46051
    RETAIL STORES (PERSONAL SERVICES)

    Lapel, IN 46051

    $250,000
    Estimated value
    1,416 sqft 11.60 AC lot
    View details
    226 Pendleton Ave
    RETAIL STORES (PERSONAL SERVICES)

    226 Pendleton Ave, Lapel, IN 46051-5546

    $170,000
    Estimated value
    1,770 sqft 0.13 AC lot
    View details
    904 Main St
    RETAIL STORES (PERSONAL SERVICES)

    904 Main St, Lapel, IN 46051-5537

    $285,000
    Estimated value
    5,404 sqft 0.10 AC lot
    View details
    732 8th St
    RETAIL STORES (PERSONAL SERVICES)

    732 8th St, Lapel, IN 46051

    $265,000
    Estimated value
    1,125 sqft 0.14 AC lot
    View details
    602 Pendleton Ave
    RESTAURANT

    602 Pendleton Ave, Lapel, IN 46051

    $155,000
    Estimated value
    3,108 sqft 0.14 AC lot
    View details
    2799 State Rd 13
    CONVENIENCE STORE

    2799 State Rd 13, Lapel, IN 46051-9659

    $1,145,000
    Estimated value
    3,360 sqft 1.25 AC lot
    View details
    22 Pendleton Ave
    AUTO REPAIR, GARAGE

    22 Pendleton Ave, Lapel, IN 46051-5547

    $180,000
    Estimated value
    1,375 sqft 0.19 AC lot
    View details
    732 Main St
    RESTAURANT

    732 Main St, Lapel, IN 46051-5543

    $245,000
    Estimated value
    2,612 sqft 0.06 AC lot
    View details
    732 Main St
    RESTAURANT

    732 Main St, Lapel, IN 46051-5543

    $250,000
    Estimated value
    0.12 AC lot
    View details
    901 Main St
    RETAIL STORES (PERSONAL SERVICES)

    901 Main St, Lapel, IN 46051

    $135,000
    Estimated value
    963 sqft 0.15 AC lot
    View details
    908 Main St
    RESTAURANT

    908 Main St, Lapel, IN 46051-5537

    $270,000
    Estimated value
    3,360 sqft 0.10 AC lot
    View details
    1510 Vine St
    AUTO REPAIR, GARAGE

    1510 Vine St, Lapel, IN 46051

    $1,090,000
    Estimated value
    12,984 sqft 4.71 AC lot
    View details
    301 Pendleton Ave
    RETAIL STORES (PERSONAL SERVICES)

    301 Pendleton Ave, Lapel, IN 46051-9661

    $295,000
    Estimated value
    5,000 sqft 1.50 AC lot
    View details
    815 Main St
    RESTAURANT

    815 Main St, Lapel, IN 46051-9609

    $275,000
    Estimated value
    4,368 sqft 0.15 AC lot
    View details
    620-690 Pendleton Ave
    Retail properties & Spaces

    620-690 Pendleton Ave, Lapel, IN 46051

    Value Estimation by Request
    2,800 sqft
    View details
    620 Pendleton Ave
    SHOPPING CENTER, STRIP CENTER

    620 Pendleton Ave, Lapel, IN 46051-9668

    $455,000
    Estimated value
    14,200 sqft 1.21 AC lot
    View details

    Lapel, IN Retail Properties & Spaces Market Trends and Statistics

    Explore 35 retail properties & spaces for sale in Lapel, IN on our real estate platform. These investment opportunities span a total of 1,770 square feet of properties for sale, with an estimated market value of $295,000.

    Sale prices for stores in Lapel, IN average $295,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Storefront properties 1

    Demographics Overview

    Population 2,857
    Population Growth (5Y) +3.7%
    Median Household Income $77,411
    College Educated 38.0%

    Taxes & Financing

    Tax Rate (average for all types) 2.64%
    Property Tax per SF $37.55 per SF
    Tax Rate vs County Average 0.09 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Madison County

    New Delisted

    Total CRE Inventory on Market (SF)

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