226 Pendleton

Lapel, IN

$245,000

226 Pendleton, Lapel, IN 46051

Lapel, IN 46051

MLS# MBR22116394

Listed 52 days ago

0 Beds
0 Baths

About this home

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.

Property Details

Type
Commercial
Year Built
1953
Lot Size
0.13 acres
Listed
52 days ago
County
Madison
Listing Office
REMAX ONE
Listing Agent
Michael Jones

Mortgage Calculator

Estimate principal and interest for this listing.

$
%

$49,000

%

Estimated monthly payment

$1,239/mo

Principal & interest
$1,239
Loan amount
$196,000

Estimate only — not MLS listing data. Does not include taxes, insurance, or other costs. Rates change daily.

Listed by REMAX ONE with Michael Jones. Contact Mike@MikeJonesSellsHomes.com.

Indiana Regional MLSMIBOR Broker Listing Cooperative

Listings displayed by Mark Dietel Realty

Based on information submitted to the MLS GRID as of September 26, 2026 at 7:01 AM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IRMLS is the source of this listing information as distributed by MLS GRID.

The compilations of listings and each individual listing are © 2026 MLS GRID. All rights reserved. The listing content is owned by the MLS GRID and is protected by federal copyright law.

IDX information is provided exclusively for consumers' personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by IRMLS as amended from time to time.

Some IDX listings have been excluded from this website.

Please report suspected listing-data inaccuracies to Mark Dietel Realty. Contact us or call (317) 426-9911.

Copyright complaints: DMCA notice.

MIBOR Broker Listing Cooperative® Disclaimer

© 2026 MIBOR REALTOR® Association

IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed accurate by the Broker Listing Cooperative® listing service.

Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID

IDX information is provided exclusively for consumers' personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to the Broker Listing Cooperative listing service as of September 26, 2026 at 7:01 AM EDT. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Based on information submitted to the MLS GRID as of September 26, 2026 at 7:01 AM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.