226 E Pendleton Ave 1,823 SF Retail Building Lapel, IN 46051 $295,000 ($161.82/SF)

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, cafés, 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.
Property Features
1,770 SF commercial building
5,576 SF lot
Built in 1947
C2 Downtown Commercial zoning
Suitable for retail, office, restaurant, café, 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.