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Key Facts

1,443Sq Ft

1900Year Built

0.06Lot (acres)

1Stories

$175,000

$215,000 · Price reduced

Active124 days on marketListed March 7, 2026

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Description

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.

Property Information

Property Type

Commercial Sale

Sub-Type

Office

Year Built

1900

Stories

Living Area

1,443 sq ft

Lot Size

0.06 acres

Zoning

COMM

Days on Market

124

MLS® Listing#

22086611

Property Features

Cooling

Central Air

Heating

Forced Air

Parking

On Street

Roof

Asphalt

Utilities

Electricity ConnectedSewer ConnectedWater Connected

Schools

Middle:: Lebanon Middle School
High:: Lebanon Senior High School

Financial Details

Parcel Number

061036007017043002

Directions

GPS Friendly

Affordability Calculator

Home Price

Down Payment

$35,000

Interest Rate (%)

Loan Term

Estimated monthly payment

$931/mo

Principal $140,000 · Est. interest $195,312 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Lebanon, IN

$358,974
Median Listing Price: 38
Median Days on Market: 1,886
Median Sq Ft: $193
Median Price / Sq Ft: 66
Active Listings

This home’s price is 51% below the area median.
Its price per sq ft is 37% below the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Lebanon, IN.

Location

Points of Interest in Lebanon, IN

Nearby Schools

Lebanon Community School
Elementary · 0.3 mi away
James E Davis School
Elementary · 0.6 mi away
Kid City USA - Lebanon
School · 0.6 mi away
Pixie Playhouse
School · 0.6 mi away
Lebanon High School
Secondary · 0.7 mi away
Lebanon Schools
Elementary · 0.8 mi away
Lebanon Community School Corporation
School · 1.1 mi away
Lebanon Middle School
Secondary · 1.1 mi away
Little Angels
School · 1.2 mi away
Hattie B Stokes Elementary School
Elementary · 1.3 mi away
Lebanon Community School
Elementary · 5.3 mi away
Boone Prairie School
Secondary · 6.3 mi away
Western Boone County Community School Corporation
School · 7.9 mi away
Western Boone County Community School
Secondary · 8.0 mi away
Thorntown Elementary School
Elementary · 8.9 mi away
Boone Meadow
Elementary · 9.1 mi away
Traders Point Christian Schools
Elementary · 9.3 mi away
Primrose Schools
Elementary · 9.3 mi away
Zionsville West Middle School
Elementary · 9.5 mi away
Z'Camp
School · 9.5 mi away

Commute Calculator

Nearby Homes

$175,000

2 bed · 2 bath

209 W North Street, Lebanon, IN

0.0 mi away

$900

1 bed · 1 bath

426.5 N Lebanon Street, Lebanon, IN

0.1 mi away

$200,000

2 bed · 1 bath

329 N Jameson Street, Lebanon, IN

0.2 mi away

$165,000

2 bed · 1 bath

507 Stoltz Street, Lebanon, IN

0.2 mi away

$598,000

5 bed · 4 bath

409 E Washington Street, Lebanon, IN

0.3 mi away

$240,000

2 bed · 1 bath

522 W Pearl Street, Lebanon, IN

0.3 mi away

Similar Homes Nearby

$140,000
3901 N State Road 52, Lebanon, IN 46052
Unimproved LandActive
Listing courtesy of Traditions Realty, LLC
$165,000
2 beds · 1 bath · 675 sq ft
507 Stoltz Street, Lebanon, IN 46052
Single Family ResidenceActive
Listing courtesy of F.C. Tucker West Central
$169,900
750 S 500 W, Lebanon, IN 46052
FarmActive
Listing courtesy of Indyvestors Real Estate LLC
$175,000
2 beds · 2 baths · 1,211 sq ft
209 W North Street, Lebanon, IN 46052
Single Family ResidenceActive
Listing courtesy of Traditions Realty, LLC
$200,000
2 beds · 1 bath · 1,520 sq ft
1711 Lafayette Avenue UNIT 11, Lebanon, IN 46052
CondominiumActive
Listing courtesy of eXp Realty, LLC

Similar Home Values

Comparable nearby listings and their asking prices.

Address	Price	Beds	Baths	Sq Ft
3901 N State Road 52, Lebanon, IN	$140,000	—	—	—
507 Stoltz Street, Lebanon, IN	$165,000	2	1	675
750 S 500 W, Lebanon, IN	$169,900	—	—	—
209 W North Street, Lebanon, IN	$175,000	2	2	1,211
1711 Lafayette Avenue UNIT 11, Lebanon, IN	$200,000	2	1	1,520

Moving Cost Estimate

EXIT Agents in Lebanon

Nick Libert
Franchisee
EXIT Strategy RealtySchererville, IN
(773) 542-3781
nick@nicklibert.com
Sonja Henson Powell
Associate Broker
EXIT Strategy RealtySchererville, IN
(773) 633-0900
sonjahenson525@gmail.com
Christine Mojica
Sales Representative
EXIT Strategy RealtySchererville, IN
(773) 879-2169
chrissysells4exit@gmail.com
Kyle Edlin
Sales Representative
EXIT Strategy RealtySchererville, IN
(270) 402-1744
kyleedlin1@yahoo.com
Mohammed Doleh
Associate Broker
EXIT Strategy RealtySchererville, IN
(708) 478-9992
moe@doleh.us
Eve Benton
Sales Representative
EXIT Strategy RealtySchererville, IN
(312) 834-4383
eve@evebenton.com

Listing Courtesy: Traditions Realty, LLC - lynda@mytraditionsrealty.com

Listings courtesy of MIBOR as distributed by MLS GRID. IDX information is provided exclusively for consumers’ personal non-commercial use. This data may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed by MLS GRID, 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. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability. 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.

Last Updated: 2026-03-07

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