226 E Pendleton Avenue Lapel, IN $ 295,000
226 E Pendleton Avenue
$ 295,000
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226 E Pendleton Avenue

Lapel, IN, 46051
$ 295,000
Bedrooms-- Baths-- Sq 1,883

Monthly Estimate*

$ 1,863

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Commercial Property for sale in Lapel, IN

for $295,000. This 1,883 square foot building was built in 1953 on a lot size of 0.13.

Downtown Lapel Commercial Property - C2 Zoning Excellent opportunity to own a versatile commercial property in the heart of downtown Lapel. Located at 226 E. Pendleton Avenue, this 1,770-square-foot commercial building sits on a 5,576-square-foot lot and is zoned C2 Downtown Commercial, allowing for a wide variety of retail, office, restaurant, and service-oriented uses. Constructed in 1947, the property offers an ideal setting for an owner-user, investor, or business looking to establish a presence in one of Madison County's growing communities. The C2 zoning district supports a pedestrian-friendly mix of commercial uses, including retail shops, boutiques, bakeries, cafes, restaurants, professional offices, financial services, medical and legal offices, and other compatible downtown businesses. Positioned along East Pendleton Avenue, the property benefits from strong visibility, convenient access, and proximity to local businesses and residential neighborhoods. Lapel's continued residential and commercial growth, along with convenient access to Pendleton, Anderson, Fishers, and Interstate 69, makes this an attractive location for a variety of business opportunities. C2 Downtown Commercial zoning: Suitable for retail, office, restaurant, cafe, bakery, professional services, and other permitted commercial uses. Downtown location with excellent visibility and accessibility Convenient access to surrounding communities and major transportation routes. This property presents an outstanding opportunity to establish or expand a business or add a well-located commercial asset to an investment portfolio.

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Commercial Active

Price

$ 295,000

Property Type

Commercial

Taxes

$ 3,798

Style

Retail

Lot Size

0.13

Year Built

1953

Town/City

Lapel

County/Region

Madison

MLS | Web ID

22116394

Features
General
Heating Electric Forced Air
Cooling Central Air
Utilities Cable Available Electricity Connected Sewer Connected Water Connected
Possession Closing
Roof Shingle
Zoning C2 Downtown Commercial
Security Features Security System Security System Owned Smoke Detector(s)
Year Built 1953
Electric 200+ Amp Service
View Neighborhood
Stories Count 1
Township Stony Creek
Property Subtype Retail
Tax Year 2025
Current Use Comm Sgl Ten Office Retail
County Madison
New Construction N
Property Type Commercial Sale
Facing Direction Southwest
Possible Use Comm Mul Ten Comm Sgl Ten Medical/Dental Office Restaurant Retail
Status Active
Directions GPS Friendly
City Lapel
High School District Frankton-Lapel Community Schools
MLS Area 4809 - Madison - StonyCreek
Lot Size Square Feet 5576
Additional Parcels Y/N N
Virtual Tour https://my.matterport.com/show/?m=ZZyPYc5XmWU https://peregrineone.hd.pics/view/?s=3260497&nohit=1
Standard Status Active
Tax Lot 57
Legal Description Woodwards 2nd Exc Se Cor L 57 (0.128Ac)
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Exterior
Parking Features Common Guest
Building Area Total 1883
Lot Size Acres 0.13
Road Surface Type Asphalt
Waterfront Y/N N
Road Frontage Type State Road
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* Excluded Features
List By
Remax One

Broker

Mike@MikeJonesSellsHomes.com

Email

Affordability Calculator

$2,179
Per Month
85%
15%
0%
Monthly Principal & Interest
$1,863
Monthly Property Taxes
$317
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4046622 Elementary School
4046514 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/25/2026$295,000 Listed Price

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226 E Pendleton Avenue, Lapel, IN, 46051 is a Commercial Property for sale at $295,000 with 1,883 sqft and a lot size of 0.13. 226 E Pendleton Avenue was built in 1953. The property's zip code is 46051 which is in Lapel, IN