New28
$275,000
3 bd · 2 ba · 1,177 sqft
1030 N Walnut Street, Lapel, IN
Heather Upton · Keller Williams Indy Metro NE
$130/sqft · 104 days on Realty
1,883
Building
5,576 sqft
Lot
1953
Built
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.
Listing agent
Michael Jones
Courtesy of REMAX ONE
(317) 205-4800
MIBOR Broker Listing Cooperative · Listing MBR22116394
MIBOR Broker Listing CooperativeThis content last refreshed on 2026-11-06 12:56:05 UTC. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
New28$275,000
3 bd · 2 ba · 1,177 sqft
1030 N Walnut Street, Lapel, IN
Heather Upton · Keller Williams Indy Metro NE
Price Reduced14$205,000
3 bd · 1 ba · 1,156 sqft
1019 N John Street, Lapel, IN
Robert Gomez · Carpenter, REALTORS®
Price Reduced6$199,900
3 bd · 2 ba · 1,848 sqft
614 S Woodward Street, Lapel, IN
Gary Nunley · South Madison Realty
Within 2 miles of this home: 4 restaurants and cafés and 3 parks and green spaces.
Place data from OpenStreetMap.
A Slice of Heaven
Woody's Tavern
Lapel Eagles
El 5 De Mayo
Mexican restaurant
Bulldog Park
1896 Park
Lapel Park
Rings at ½ mile and 1 mile. Basemap © OpenMapTiles © OpenStreetMap contributors.
Open the Lapel camera map1 license-plate reader mapped within 1 mile of this home, identified as a Flock Safety device. None within ½ mile. Nearest: 0.9 mi northwest.
| Device type | Within ½ mi | Within 1 mi |
|---|---|---|
| License-plate readers | 0 | 1 |
| of which Flock Safety | 0 | 1 |
Community-reported via OpenStreetMap; may be incomplete. Data as of . © OpenStreetMap contributors (ODbL)
License-plate readers (ALPR) are fixed cameras that photograph passing vehicles and read their plates. Records are typically shared with the agency or association that operates the camera.
Flock Safety is a company whose plate-reader cameras are used by police departments, cities, HOAs and businesses. Its devices are usually solar-powered and pole-mounted.
