226 E Pendleton Avenue
Lapel, IN, 46051 $ 295,000
Bedrooms-- Baths-- Sq 1,883 Monthly Estimate*
$ 1,863
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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FeaturesGeneralHeating 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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ExteriorParking 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 FeaturesList ByMike@MikeJonesSellsHomes.comEmail
Affordability Calculator
- 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.
Learn more about how to save NearbyCommerical listings in Lapel, IN
Average List Price $295,000
Percent of Sale Price 0%
About Lapel, IN 2,474 Population
14% Since 2002
$ 50,735 Median Income
38.78 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4046622 Elementary School
4046514 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/25/2026 | $295,000 | | Listed Price |