7984 W State Road 32, Lebanon, IN 46052 - Prime Commercial Opportunity This versatile commercial property, built in 2003, now includes the adjacent parcel on the north side for a total of approximately 2.3 acres (combined). It offers excellent visibility and access along the heavily traveled State Road 32 corridor in Lebanon, Indiana. The building provides approximately 2,100 square feet of flexible space, ideal for retail, office, service, medical, or light industrial uses. Its strategic location combines strong road frontage with proximity to major growth drivers in Boone County. Location & Accessibility Highlights High Traffic Exposure: Positioned directly on SR 32 (a major east-west artery), the property benefits from substantial daily traffic volumes. SR 32 in the Lebanon corridor carries significant Average Annual Daily Traffic (AADT), with counts historically ranging from approximately 17,000 to 22,000 vehicles per day in the broader study area, providing outstanding visibility for customers, clients, and employees. Proximity to Eli Lilly's Explosive Growth: The site sits within just a couple of miles of Eli Lilly's massive LEAP Research and Innovation District developments along SR 32. Lilly has committed billions in investments here, including the recent groundbreaking and ongoing expansion of the Lilly Medicine Foundry (a $4.5+ billion facility), advanced therapies manufacturing, and API production sites. These projects are generating thousands of high-skilled jobs, attracting supporting businesses, and driving rapid economic and population growth in the immediate area. This expanded site positions the property perfectly to capitalize on the surging demand from Lilly employees, contractors, and the broader supply chain ecosystem in one of Indiana's fastest-growing corridors. Whether you're looking for a turnkey business location or a development site with strong commercial potential, 7984 W State Road 32 (including the northern parcel) delivers u
Located just off the square in the heart of Lebanon's beautiful and rapidly growing downtown, this versatile commercial space offers 1,400+ square feet with a flexible layout ideal for professional offices, boutique services, or a potential multi-tenant office configuration. The interior features spacious rooms with many original historic characteristics still intact, blending classic charm with modern functionality. The property includes a kitchen with appliances, an updated bathroom with a tiled shower, and numerous improvements including a high-efficiency HVAC system (updated within the past five years) and electrical upgrades. Parking is convenient with 2-3 spaces located at the rear and side of the building, along with additional street parking nearby for clients and visitors. An excellent opportunity to establish or expand your business in one of downtown Lebanon's most desirable locations, just steps from the courthouse square, shops, dining, and ongoing community growth. Can possibly be converted back to residential.
Unlock the potential of this highly visible building situated on a 1.79 acre lot just off I-65 at exit 140 with approximately 210 feet of I-65 frontage bordering the fast-growing LEAP Innovation District. 3 Wash bays, office, storage/conference rm, equipment rm & break rm. Positioned along a major interstate corridor, with easy on /off access, this versatile property is ideal for a wide range of uses. PLEASE DO NOT DISTURB CURRENT BUSINESS.
Currently the business is a Beauty Shop. Potential for literally anything. Great location right on heavily traveled Lebanon Street, just across the bridge is the new Lebanon Field House. Be part of the fastest growing area in Central Indiana. Put your business in the path of high volume traffic and get in on the ground level. Location Location Location! Lot Is larger than your regular city lot. Access from Lebanon Street and Cox Street and within .25 mile for I65 exit, North to Lafayette or South to Indianapolis.
Prime 11.62 acres of commercial land! Easy access to I65 from Indianapolis and Lafayette.
Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176
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Lebanon is located in Indiana. Lebanon, Indiana has a population of 17,196. Lebanon is less family-centric than the surrounding county with 28.65% of the households containing married families with children. The county average for households married with children is 38.28%.
The median household income in Lebanon, Indiana is $58,412. The median household income for the surrounding county is $94,843 compared to the national median of $69,021. The median age of people living in Lebanon is 36.3 years.
The average high temperature in July is 84 degrees, with an average low temperature in January of 18.2 degrees. The average rainfall is approximately 42.2 inches per year, with 17.7 inches of snow per year.
