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Lapel, IN

Retail

Lapel, IN Retail Space 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

This listing looks promising.

Here's a quick look at some key insights for

226 E Pendleton Ave, Lapel, IN

View Property Analytics

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 22 Potential Opportunities for your consideration. Besides 1 Active listings in Lapel, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 16 Off-Market properties to explore as potential leads, plus 1 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.

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.

Renovated Retail Space on Broadway

Renovated Retail Space on Broadway

135 E Broadway St, Fortville, IN

Contact for pricing

11,703 sqft 0.46 AC lot

Newly renovated retail space available for sale or lease.

Development Land with Existing Buildings

Development Land with Existing Buildings

10511 Greenfield Avenue, Noblesville, IN 46060

$1,750,000

10.40 AC lot

Special purpose-zoned development land featuring an existing 15,500 SF building and multiple ancillary buildings on a 10-acre parcel.

Renovated Retail Space on Broadway

Renovated Retail Space on Broadway

135 E Broadway St, Fortville, IN 46040

Contact for pricing

10,598 sqft

Newly renovated retail space for sale or lease in Fortville.

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.

PUD-Zoned Commercial Land with Frontage

PUD-Zoned Commercial Land with Frontage

3229 State Road 207, Elkton, FL 32033

$1,599,000

2.07 AC lot

2.07-acre PUD-zoned parcel on State Hwy 207 with 360 feet of frontage and an on-site renovated 2012 home.

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.

201 Pendleton Ave

RETAIL STORES (PERSONAL SERVICES)

201 Pendleton Ave, Lapel, IN 46051-5546

$70,000

Estimated value

566 sqft 0.07 AC lot

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

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

706 Main St

RETAIL STORES (PERSONAL SERVICES)

706 Main St, Lapel, IN 46051

$310,000

Estimated value

11,088 sqft 0.19 AC lot

Lapel, IN 46051

RETAIL STORES (PERSONAL SERVICES)

Lapel, IN 46051

$250,000

Estimated value

1,416 sqft 11.60 AC lot

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

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

732 8th St

RETAIL STORES (PERSONAL SERVICES)

732 8th St, Lapel, IN 46051

$265,000

Estimated value

1,125 sqft 0.14 AC lot

901 Main St

RETAIL STORES (PERSONAL SERVICES)

901 Main St, Lapel, IN 46051

$135,000

Estimated value

963 sqft 0.15 AC lot

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

914 Main St

RETAIL STORES (PERSONAL SERVICES)

914 Main St, Lapel, IN 46051-5537

$110,000

Estimated value

936 sqft 0.05 AC lot

610 Main St

RETAIL STORES (PERSONAL SERVICES)

610 Main St, Lapel, IN 46051

$435,000

Estimated value

6,000 sqft 0.22 AC lot

1600 Main St

RETAIL STORES (PERSONAL SERVICES)

1600 Main St, Lapel, IN 46051-9671

$290,000

Estimated value

4,660 sqft 0.90 AC lot

25 9th St

RETAIL STORES (PERSONAL SERVICES)

25 9th St, Lapel, IN 46051-5525

$55,000

Estimated value

472 sqft 0.15 AC lot

4th St

RETAIL STORES (PERSONAL SERVICES)

4th St, Lapel, IN 46051

$240,000

Estimated value

5,768 sqft 0.20 AC lot

32 Sr

RETAIL STORES (PERSONAL SERVICES)

32 Sr, Lapel, IN 46051

$490,000

Estimated value

1,560 sqft 99.00 AC lot

Lapel, IN Retail Space Market Trends and Statistics

Explore 17 retail space 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 retail space 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

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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